Germany's Union Investment has offloaded the historic Smultronet 6 office building in Stockholm for a price exceeding its latest valuation.
Acquired in 2019, the property at Fleminggatan 39-43/Celsiusgatan 10 served as a valuable asset within their UniInstitutional European Real Estate fund.
Taking over is Swedish real estate investor Niam, with purchase details remaining confidential.
Designed by renowned architect Sven Wallander in 1939 and extensively modernized in 2013, Smultronet 6 stands in the Kungsholmen district, bordering Stockholm's vibrant city center. This prime location, coupled with excellent accessibility, positions the submarket as an extension of the city's core business district.
Offering roughly 11,500 m2 of leasable space across three sections and eight floors, the building currently houses various smaller tenants and a restaurant, with 11% of its space already occupied.
Source: propertyeu.info on the 23rd of February, 2024