KLP Fastigheter acquires five-star Radisson SAS Royal Viking Hotel in Stockholm (SE)

KLP Fastigheter AB has acquired the property Pennfäktaren 12 from RBS Nordisk Renting. The property is located at Vasagatan 1 in the middle of central Stockholm.

Radisson SAS Royal Viking Hotel, Stockholm

The five-star Radisson SAS Royal Viking Hotel in Stockholm

The main part of the property's approximately 26,400 m² accommodates the five-star Radisson SAS Royal Viking Hotel with 459 rooms, conference facilities, fitness center, pool, spa, fish and seafood restaurant as well as the popular Sky Bar with fantastic views over central Stockholm.

"We are very pleased to have acquired this fantastic property. It fits perfectly into the portfolio we want to build in Sweden. Its location right next to the Arlanda Express and Central station and being within walking distance of Stockholm's many attractions and shopping streets make it one of Stockholm´s absolute best locations for a hotel", says KLP Eiendom's C.E.O. Steinar Manengen.

"We have owned the Royal Viking Hotel since 1994 and its very satisfying that such a well established and professional property owner like KLP Fastigheter has acquired this attractive and successful hotel", says Reinhold Geijer, CEO of RBS Nordisk Renting and Head of RBS Nordic Region. "KLP is also an important client and partner to RBS in regards to our business with Nordic financial institutions."

KLP already owns six hotels in Norway and one in Sweden (Malmö). The acquisition of Pennfäktaren 12 is KLP Fastigheter's second investment in Sweden. The plan is to build a Swedish portfolio through further acquisitions of attractive, functional, and centrally located properties. KLP's first investment in Sweden was the property Fasanen 5 in Malmö, where the hotel operator Stay At is the tenant. Within four to five years, KLP plans to build up a portfolio of properties worth SEK 5-7 billion in Sweden, mainly in Stockholm. Primarily offices but shopping centres and hotels are also of interest. In the future, development projects will also be part of the portfolio.

KLP Fastigheter is a wholly-owned subsidiary of the Norweigen KLP Eiendom AS, one of Norway's largest property owners with a property portfolio valued at approximately SEK 26 billion. KLP's property company in Norway, Denmark and Sweden, comprises more than 1.2 million m² made up of offices, retail units, shopping centers, hotels, residential properties and land. Within a few years, KLP hopes that the properties in Sweden and Denmark will account for approximately 30% of the total property holdings of the group.

KLP Eiendom is wholly-owned by KLP Forsikring, one of Norway's largest life insurance companies, managing assets with a total value of more than SEK 250 billion.

Leimdörfer has been the seller's adviser in this transaction.

RBS Nordisk Renting enables financially strong companies and public sector organisations to focus more on their core business, by offering long-term leasing solutions. By leasing property in the long term from RBS Nordisk Renting, rather than owning it, companies create room to expand and develop their regular operations. The balance sheet total is approx. SEK 20 billion, and the domestic market is the Nordic region. RBS Nordisk Renting is owned

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