Danish property company Sjaelso Gruppen has acquired a 25,000 m[sup]2[/sup] office building in Solna, in the outskirts of Stockholm, for SEK 290mln (EUR 31mln) from Swedish property company Vasakronan. The deal also includes a 50,000 m[sup]2[/sup] land plot which Sjaelso, in partnership with the Solna municipality, will transform into a 60,000 m[sup]2[/sup] residential and office complex. The office building is partly leased to Sweden's Working Environment Agency. The remaining part of the building is expected to be leased to one or more tenants, Sjaelso said. Sjaelsö Sweden will assume ownership on 1 October 2008.
Danish property company Sjaelso Gruppen has acquired a 25,000 m2 office building in Solna, in the outskirts of Stockholm, for SEK 290mln (EUR 31mln) from Swedish property company Vasakronan. The deal also includes a 50,000 m2 land plot which Sjaelso, in partnership with the Solna municipality, will transform into a 60,000 m2 residential and office complex. The office building is partly leased to Sweden's Working Environment Agency. The remaining part of the building is expected to be leased to one or more tenants, Sjaelso said. Sjaelsö Sweden will assume ownership on 1 October 2008.
'The acquisition provides the company with a strong foundation for the further increase of the company's activities in Sweden', the company said in a statement. Sjaelso's largest project to date in the country was an office and retail project in Alvsjo which was sold to Property Group in October 2007. The project, valued some DKK 475mln, has just been completed and will be handed over to the buyer this month.
