Catella Real Estate AG (CREAG) has sold an office building in Stockholm’s central business district on behalf of the fund Sarasin Sustainable Properties – European Cities.
The buyer of the property is DEAS Asset Management on behalf of Nordea Life & Pensions Sweden.
The office building, known as Elefanten 17, is located in one of Stockholm’s prime office locations, Herkulesgatan 28/Vattugatan 17-19, in the western part of Stockholm’s central business district. It is located above the Klaratunneln, with easy access to major transportation hubs including E4 motorway through Klarastrandsleden and Essingeleden, and only 5 minutes’ walk from Stockholm’s central Train Station, making it very attractive for tenants who need to be centrally located and have a quick connection to Stockholm’s Arlanda Airport.
The property was built in 2002, has a total rental area of approximately 4,650 square meters (50,050 square feet) and is fully leased to six tena
