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Sign in Sign up for a FREE subscriptionStockholm mixed-use scheme sells for €276m
Norwegian insurer DNB Livforsikring has sold Vasahuset at Kortbyrån 19 and 20 in central Stockholm to local pension fund KPA Pension, part of the Folksam Group for SEK 3 billion (€276 million/$269 million).
“We are continuing our profitable expansion of the property portfolio, and it feels good to now acquire these two stable management properties in the middle of our core market in Stockholm. The location is the best in Sweden, and the office premises are attractive on the rental market,” said Lars Johnsson, property director at Folksamgruppen.
Through the acquisition, KPA Pension increases the proportion of directly owned properties in its asset portfolio from 10.7 percent to 11.9 percent.
