Kungsleden acquires office property north of Stockholm (SE)

Kungsleden strengthens its position north of Stockholm by acquiring the property Terminalen 2. The property has a leasable area of over 15,000 m² and the sales price is approx. €30.6 mln. Following the acquisition, the property value in Stockholm totals SEK 7.6 bln (approx. €815.7 mln), which represents 33% of Kungsleden’s entire portfolio.
Kungsleden AB (publ) acquires the office property Terminalen 2 in Sollentuna municipality and thereby strengthens its position in northern Stockholm. The modern office property north of Kista will be an addition to Kungsleden’s existing portfolio in Kista Science City. The property is located in an expansive area targeting electronics, data and telecom companies.
The property fits Kungsleden’s strategy well with flexible floor plans, modern technology and is strategically displayed along Sweden’s busiest highway between Arlanda Airport and central Stockholm. The exceptional location will be further improved once Förbifart Stockholm is finalized.
Terminalen 2 is almost fully let to a number of recognized tenants such as LG Electronics, Onninen, Elgiganten and Renault among others, and has in addition to the leasable area of over 15,000 m² unutilised construction rights of 7,500 m².
Ylva Sarby Westman, Head of Transactions at Kungsleden  says: “We are happy to be able to extend our portfolio with a large and modern office property in northern Stockholm, which holds a high quality much thanks to Humlegården’s fine work and improvements. As the city grows this area will become even more attractive, which is already reflected in that several of the tenants have chosen to located their Nordic head offices here.”
Source: Kungsleden