Fabege acquires HagaHuset and develops a concept building for our era
HagaHuset was acquired with the aim of developing a Live-Work-Play concept building that will further boost Fabege’s business and meet the varying needs of tenants over time. The location of the building at the entrance of Haga National City Park reinforces the connection between city and park. The purchase price of Fortet 2 (HagaHuset) is SEK 172 million and Fabege will gain access as of 1 February 2017.
HagaHuset, which is being sold by AFA Fastigheter, currently offers 6,400 sqm of office space plus Restaurang Haga, divided into a low section with five floors and a high section with eleven floors and views extending for miles. The high section has borrowed its shape from the Pirelli building in Milan.
- HagaHuset is an excellent fit for our urban development in Solna in terms of timing. The building has almost been emptied and we say great potential for creating new values, says Klaus Hansen Vikström, Vice President and Director of Business Development at Fabege.
The Live-Work-Play concept has emerged in the majority of metropolises around the world, but is still relatively unexplored in Sweden. It is based on a concept that brings together living, workplaces, social spaces and recreation in the same building. The increasing demand for this type of solution can be linked to the global labour market, with a high level of mobility, the sharing economy and the need for new forms of creative meeting places that lead to new ideas and cross-pollination between companies and individuals.
- We have long been attracted by the building’s location, its shape, its wealth of details and, not least, the artistic thoughtfulness in the little park. It offers unique opportunities to create an attractive concept that many of our major tenants are asking for to meet the needs of their employees and partners who are a long way from home, says Carl Michael Augustsson, Director of Urban Development at Fabege.
- HagaHuset is a development property that is better suited with a project-oriented owner like Fabege, says Anna Berfenstam Transaction Manager at AFA Fastigheter.
Fabege AB (publ)
For further information, please contact:
Klaus Hansen Vikström, Vice President and Director of Business Development, +46 (0) 8-555 148 74, +46 (0)70-239 34 81
Carl Michael Augustsson, Director of Urban Development, +46 (0)8-555 148 21, +46 (0)70-544 48 42
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and city district development. Fabege owns properties with a carrying amount of SEK 44.7bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.3bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq Stockholm, Large Cap segment.
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