Swedish real estate firm Vasakronan has acquired the Black office building in Stockholm from IVG Institutional Funds.
Swedish real estate firm Vasakronan has acquired the Black office building in Stockholm from IVG Institutional Funds.
The investment volume came to SEK 468 mln (€55 mln).
Located in the Sundbyberg office district, Black Building comprises around 12,000 m2 of rentable space and is fully leased on a long term basis to Svenska Kraftnät.
Vasakronan already owns two properties in the area, Crown 1 and the Plant 4.
'Central Sundbyberg is a strategic location that has a future,' said Fredrik Wirdenius, CEO of Vasakronan.
