Listed Swedish real estate investor Castellum has acquired a mixed-use property on the island of western Kungsholmen in Stockholm for SEK 421 mln (€45 mln).
Listed Swedish real estate investor Castellum has acquired a mixed-use property on the island of western Kungsholmen in Stockholm for SEK 421 mln (€45 mln).
Castellum's subsidiary Brostaden purchased the property at Hornsberg 10 from Kungsleden, another listed Swedish property company.
The property comprises three interconnected buildings with 9,500 m2 office premises, 2,000 m2 of retail area, 1,400 m2 in laboratory facilities, and a 400 m2 restaurant space. There is also some warehousing and storage space. Current occupancy rate is 95%.
'This is our first foray into establishing a presence on Kungsholmen and the move confirms the portfolio upgrade currently taking place at Castellum,' said Castellum CEO Henrik Saxborn. 'The acquisition implies that we’re growing in a strategically interesting area – western Kungsholmen – where several larger companies have chosen to locate their headquarters. The property offers potential development possibilities and we’ll be happy to take them on.'
