Initially built in 1974, Skålen 30 was acquired by Invesco Real Estate in February 2019 and completely rebuilt, refurbished and extended between 2020 and 2024 into a best-in-class, high-specification office building. Also known as Fenix, the 20,543 sqm building is fully let to 10 corporate tenants and offers a wide range of amenities including a gym, restaurant and deli, rooftop bar, and conference facilities.

Certified BREEAM Excellent and with an EPC2 B energy rating, the building was the first in the Nordics to receive the WiredScore Platinum certification. Sustainability elements and features include photovoltaic panels, a bioptic roof, circular showers, and recycled materials reused from demolition.

Located in the northern part of central Stockholm, Hagastaden is one of the city’s major urban development projects. The area is known for its modern buildings, with landmarks such as Stockholm’s tallest residential Norra Tornen and the office building Forskaren. Emerging as a key office location, it is expected to complete in 2030 with office accommodation for 50,000 workplaces and 6,000 homes.

"Hagastaden is a submarket that has developed strongly in recent years and which we believe has great potential for the future. The area is home to world-leading companies in life science, health and tech, making the district one of the world's leading innovation districts. Fenix​​Stockholm fits well with our profile and is an important addition for us in Hagastaden, a district that attracts many businesses already today and that will continue to develop strongly in the future. The already very good communications will become even better when a new metro station opens 50 meters from the entrance in 2028. The property and its concept are completely in line with how we view a modern customer offering in offices and services, and will create great synergies with our other property portfolio in the neighborhood," says Anneli Jansson, CEO of Humlegården.

The pan-European strategy has maintained an active approach to asset repositioning and sales as a means to deliver long-term value and an overall total return for its investors. The success of the asset repositioning by the local investment team created the compelling opportunity to sell Fenix and realise value.

“The Skålen 30 redevelopment story showcases the very best of Invesco’s asset management capabilities and the expertise we have in-house and through our network of partners. It is a true best-in-class office asset, complementing and supporting the rapid growth of the Hagastaden submarket,” says Toby Simon, Managing Director – Fund Management, Invesco Real Estate.

“Stockholm remains a very attractive office market, offering compelling opportunities for global real estate investors. As with all prime city locations, quality tenants are looking for quality assets and this has been reflected in the letting success we have achieved. We are delighted to have concluded our sale process to Humlegården Fastigheter,” says Rob Johnston, Managing Director, Head of Investments – UK /Nordics, Invesco Real Estate.

Invesco Real Estate were advised by Fokus Nordic, Savills and Gernandt & Danielsson.

Cederquist has been Humlegården’s legal representative.