Transactions - SEPTEMBER 15, 2014

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Alecta buys two Stockholm properties

by Andrea Waitrovich

Alecta is under contract to acquire an office property and a hotel located in Stockholm.

The firm is the new owner of the 398,268-square-foot Entre Lindhagen II from developer Skanska, which developed the seven-story office property this year. The sales price was SKr 1.7 billion, or SKr 4,268 per square foot ($243 million/$610 per square foot). The property is 100 percent occupied. Major tenants include Nordea, Ballbreaker and Skanska.

In addition, Alecta purchased the 251-room Omena Hotel from IF Metall. The sales price was not announced. DLA Nordic was adviser to the seller in the deal, and Falkeborn Attorneys advised the buye

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