Skanska sells office property in Stockholm, Sweden, for about SEK 600 M

1/16/2014 7:55 AM CET
Press release

Skanska sells the office property Chokladfabriken (Eken 6) in Stockholm, Sweden, to Areim for about SEK 600 M. The transaction will be recorded in the first quarter of 2014, and the transfer of the property will also take place in the first quarter 2014.

The property has an attractive location. The total leasable area is 27,000 square meters out of which 65 percent is leased. Among the tenants are ST1, OBH Nordica, Kronofogdemyndigheten, Semper and Kommunal. The property was built as a chocolate factory in 1917 but has since then been rebuilt into offices and then extended in the end of the 1990’s. At that time a car park with 700 spaces was constructed.

“The Chokladfabriken is a great property that we have owned for a long time. Now the time was right for us to use the capital tied in the property to invest in new projects”, says Caroline Arehult, Managing Director Skanska Property Stockholm.

“We are happy with acquiring Chokladfabriken, since this part of town is a very exciting market with good prospects”, says Mikael Hesselvall, Transaction Manager at Areim.

Skanska Commercial Development Nordic initiates and develops property projects in offices, logistics, business premises and commercial buildings. The company’s operations are concentrated in the three metropolitan regions in Sweden, the Copenhagen region in Denmark, the Oslo region in Norway, as well as Helsinki in Finland. The development of logistics and volume retail properties is conducted in strategic locations in Sweden, Denmark and Finland.