Swedish property company Jernhusen, represented by international real estate advisor Savills, has sold its land site under Stockholm's World Trade Center to WTC leaseholder Alecta for EUR 59 mln. Jernhusen retains ownership of City Terminal, a part of the building, through a three-dimensional property regulation.
Swedish property company Jernhusen, represented by international real estate advisor Savills, has sold its land site under Stockholm's World Trade Center to WTC leaseholder Alecta for EUR 59 mln. Jernhusen retains ownership of City Terminal, a part of the building, through a three-dimensional property regulation.
Savills said the transaction will enable Jernhusen to continue to develop and integrate City Terminal, Sweden's largest bus terminal, with Stockholm Central Station and thereby enable further modes of public transportation to gather in the same area.
Per Berggren, CEO Jernhusen, commented: 'The transaction structure allows Jernhusen to take an overall view of the development of the Central Station area. It also enables Jernhusen to make future investments in the Central Station area and Western City, and contribute to the enhancement of public transportation and a better environment.'
