Kungsleden acquires Skrapan in Västerås for €50 mln (SE)

Kungsleden AB (publ) acquire the centrally located property Lorens 14, also called Skrapan – a landmark building in Västerås. The acquisition price is SEK 465 mln (approx. €50 mln).
Västerås is one of Kungsleden’s most important strategic markets where the company currently owns and manages 128,000 m² of office space in central Västerås and 372,000 m² of office, industry and warehouse space in the rest of Västerås. The acquisition of Skrapan adds a further 26,000 m² to Kungsleden’s portfolio in central Västerås.
Skrapan’s offering has over the past years undergone a major modernization and conversion where the Municipality of Västerås’ and the local business’s innovation center Expectrum has been given a central location. The property is almost fully leased to tenants such as First Hotel, the Municipality of Västerås, KPMG, and ICA among others. The remaining lease agreement duration is 6.7 years.
Ylva Sarby Westman, Head of Transactions at Kungsleden says “Acquiring Skrapan and thereby further strengthening our position in Västerås is very satisfying. The property is in a great location close to our current office properties, which improves our customer offering and allows us to take on an even more active role in the area.”
Source: Kungsleden