Swedish property and construction group Skanska has signed an agreement with SPP Properties regarding the sale of the Fålhagen 70:1 office property and the Fålhagen 70:2 garage property in Uppsala, Sweden.
Swedish property and construction group Skanska has signed an agreement with SPP Properties regarding the sale of the Fålhagen 70:1 office property and the Fålhagen 70:2 garage property in Uppsala, Sweden.
The transaction is being conducted in the form of a sale of the companies owning the properties, for a total price of SEK 537 mln (EUR 63 mln). Takeover is scheduled for December 2012 for the office building and the second quarter of 2015 for the garage.
The office property comprises a total of 16,600 m2 of leasable office and retail space and the largest tenants include Uppsala Municipality, Coop Sweden, Ernst & Young, Btwentyfour and Länsförsäkringar. The garage will comprise 155 parking spaces. Both properties are fully leased.
The properties are part of the major transformation taking place in the area around Uppsala Station, including new platforms, a refurbished railway track, a new terminal and a central passage under the tracks. A new Radisson Blu hotel has also been built and the construction of new housing is just beginning.
