Stendörren signs a 15-year lease agreement with Hedin Bil

Press release

September 13, 2022

In mid-2023, Hedin Bil will move into Stendörren's premises at Ulvsundavägen 106 in Bromma, Stockholm. The parties have signed a 15-year lease agreement for premises of 3,440 sqm in the property Elementet 1.

Ulvsunda is an area which, in addition to being adjacent to Stockholm City, is also close to all types of transport communications. The premises are in the best location for this type of business. In connection with the refurbishment of the premises, the exterior of the building will also be modernized to meet Hedin's needs.

"We are very glad to once again welcome Hedin Bil as a tenant in another of Stendörren's properties. This and previous lettings to Hedin Bil show a productive and long-term collaboration - an excellent example of how we can optimize our tenants' operations in strategically located premises", says Anders Nilsson, Head of Property Management at Stendörren.

Hedin Bil is Sweden's largest retailer of new cars with over 30 brands as well as one of Sweden's largest used cars retailer with over 100 facilities around Sweden.

"We have had an extensive expansion within our Ford business in Sweden recently. The investment in Bromma is strategically important as we see growth and developments in the area towards a very attractive retail park. That’s where we want to be with the Ford brand," says Anderz Larqvist, CEO of Hedin Mölndal Bil.

For more information, please contact:

Erik Ranje, CEO, +46 (0)8-518 331 00 or erik.ranje@stendorren.se

Anders Nilsson, Head of Property Management, +46 (0) 768-81 40 75 or anders.nilsson@stendorren.se

Stendörren Fastigheter AB (publ)

Stendörren Fastigheter AB (publ) is an expansive property company listed on Nasdaq Stockholm Mid Cap. Our business concept is to create long-term profitable net asset value growth by managing, developing and acquiring properties and building rights within logistics and light industry in Nordic growth regions. In addition, we refine business and industrial properties by acquiring residential building rights for further development and management in attractive locations, mainly in Greater Stockholm and the Mälardalen region.

For more information about Stendörren Fastigheter AB (publ), see: www.stendorren.se/en/.