Kungsleden acquires office property with outstanding exposure along E4
Kungsleden strengthens its position north of Stockholm by acquiring the property Terminalen 2. The property has a leasable area of over 15,000 sqm and the sales price is MSEK 285. Following the acquisition, the property value in Stockholm totals SEK 7.6 bn, which represents 33 percent of Kungsleden’s entire portfolio.
Kungsleden AB (publ) acquires the office property Terminalen 2 in Sollentuna municipality and thereby strengthens its position in northern Stockholm. The modern office property north of Kista will be an excellent addition to Kungsleden’s existing portfolio in Kista Science City. The property is located in an expansive area targeting electronics, data and telecom companies.
The property fits Kungsleden’s strategy well with flexible floor plans, modern technology and is strategically displayed along Sweden’s busiest highway between Arlanda Airport and central Stockholm. The exceptional location will be further improved once Förbifart Stockholm is finalised.
Terminalen 2 is almost fully let to a number of recognised tenants such as LG Electronics, Onninen, Elgiganten and Renault among others, and has in addition to the leasable area of over 15,000 sqm unutilised construction rights of 7,500 sqm.
“We are happy to be able to extend our portfolio with a large and modern office property in northern Stockholm, which holds a high quality much thanks to Humlegården’s fine work and improvements. As the city grows this area will become even more attractive, which is already reflected in that several of the tenants have chosen to located their Nordic head offices here”, says Ylva Sarby Westman, Head of Transactions at Kungsleden.
Humlegården is the vendor and closing is set to take place in October 2015.
For more information, please contact:
Ylva Sarby Westman, Head of Transactions Kungsleden | 46 (0)8 503 052 27 | ylva.sarby.westman@kungsleden.se
Biljana Pehrsson, Chief Executive of Kungsleden | 46 (0)8 503 052 04 | biljana.pehrsson@kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
The information was provided for public release on 5 June 2015 at 7:00 am.
Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ Stockholm since 1999.
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