The exchange transaction means that Alecta Fastigheter simultaneously divests the property Skravelberget Större 19 in Stockholm to M&G Real Estate.

The property Klara Strand includes attractive offices, conference facilities, restaurants, student apartments and garages. The building was built in 1994, contains six connected buildings and is certified according to BREEAM In-Use Very Good. The property is strategically located in the CBD directly adjacent to Stockholm Central Station.

The acquisition is in accordance with the company's growth strategy, to grow within prioritized submarkets. Alecta Fastigheter already owns the nearby World Trade Center and can take a greater role in the development of Västra city with the additional space.

“We are very pleased about this deal. Through the acquisition of Klara Strand, we are expanding our portfolio with a fine property in Stockholm's best location close to public transport. As a long-term property owner and urban developer, we see great potential in Västra city and look forward to developing the place further together with other players in the area”, says Lena Boberg, CEO of Alecta Fastigheter.

Skravelberget Större 19 has a lettable area of ​​3.200 square meters spread over nine floors, where the ground floor is leased to Kasthalls Mattor & Golv and the upper floors offer office space. The property, which was built in 1963, is centrally located in Östermalm, CBD.

Alecta Fastigheter will take over Blekholmen 1 on April 1 and will vacate Skravelberget Större 19 on the same date.

JLL was advisor to M&G Real Estate and Gernandt & Danielsson acted as legal advisor.