Swedish real estate firm Fabege has teamed up with construction company Peab to acquire the Råsunda football stadium in Solna, just north of Stockholm, from the Swedish Football Association.
Swedish real estate firm Fabege has teamed up with construction company Peab to acquire the Råsunda football stadium in Solna, just north of Stockholm, from the Swedish Football Association.
Fabege said the purpose of the acquisition, which also includes the existing office buildings, is to develop new housing and workplaces. The price for existing buildings and development rights currently amounts to SEK 490 mln (EUR 47 mln), but the final price tag will depend on the scope of the detailed development plan. Fabege's share of the purchase consists of two existing office buildings and future office development rights. Fabege's share of the estimated purchase price is SEK 170 mln (EUR 16 mln).
Occupancy will take place once the detailed development plan has been approved. The Råsunda stadium's activities will be transferred as soon as Swedbank Arena, the new National Arena for football, has been completed, which is expected to take place late in 2012.
