CapMan sells Stockholm office building (SE)

CapMan sells Stockholm office building (SE)

CapMan Nordic Real Estate II Fund has signed a sale agreement with Fabege regarding Pasen 1, a c.10,000m² multi-let office building in Hammarby Sjostad. The agreed property value is €41.6m (SEK 441.4m).

 

“We purchased this property in March 2018 and were very much drawn towards the value-add opportunities we saw at that time. Hammarby Sjostad and its surrounding area in southern Stockholm has experienced rapid development and growth in the past few years and we have seen rental values rise significantly as a result. We are pleased to capitalise the value we have created to date and also to sell to Fabege who is a long-term owner and developer in the area,” commented Per Tangerstad, Partner at CapMan Real Estate.

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