Swedish government-owned property company Jernhusen has purchased the Centralhuset mixed-use asset in Gothenburg, Sweden from German fund Internationales Immobilien-Institute GmbH for approximately EUR 40 mln. The buyer was represented by real estate adviser Savills.
Swedish government-owned property company Jernhusen has purchased the Centralhuset mixed-use asset in Gothenburg, Sweden from German fund Internationales Immobilien-Institute GmbH for approximately EUR 40 mln. The buyer was represented by real estate adviser Savills.
The property, which comprises 10,600 m2 of office and retail space, is located next to the Central Station in Gothenburg. Jernhusen already owns the station and will coordinate the management and development of the two properties, which have mutual pedestrian and retail areas.
Commenting on the transaction, Ulf Nilsson, head of corporate finance at Savills Sweden, said: 'This is a strategic acquisition by Jernhusen, which owns and develops railway stations all over Sweden. It will place the company in a strong position to influence the overall development of the surrounding area of Central Station in Gothenburg in line with the arrival of the new railway line, Västlänken.'
