CapMan Nordic Real Estate III Fund has agreed to acquire Sadelplatsen 1, a vacant office building in Jarva Krog, Solna, from Fabege in an off-market transaction. The purchase price was not disclosed. The 6,360m² property consists mainly of office and showroom space as well as a parking facility and is currently 94% vacant. CapMan is evaluating various plans for the development of the property, which, due to its flexibility, could suit many different types of tenants.
Solna is one of the strongest office locations in the Stockholm region due to its supply of modern offices, proximity to central Stockholm as well as the northern Stockholm suburbs. Jarva Krog has excellent access to public transport as well as the E4 motorway and is currently undergoing strong commercial and residential development, which will further improve the attractiveness of the area.
“We are very pleased with the acquisition and with the prospect of tailoring the asset to fit today’s requirements and expectations for office space. Our team has a lot of experience from the similar renovation and lease-up cases in Solna. We have already initiated lease discussions and gained strong interest from several potential tenants,” said Anna Reuterskiöld, Partner and Head of CapMan Real Estate Sweden.