KLP Fastigheter continues its expansion in Sweden with the acquisition of Bangårdsposten 1, part of the Stockholm Waterfront complex, for approximately SEK 5.4 billion (EUR 488 million).

The transaction represents KLP Eiendom's largest acquisition to date, strengthening its position in the Swedish market and adding a high-profile, modern office property in one of Stockholm's most central locations.

"KLP Eiendom will continue to grow while diversifying our investments. We are building a strong and diversified property portfolio across Norway, Sweden and Denmark. This acquisition strengthens our position in Stockholm and aligns well with our long-term management of pension assets on behalf of our owners in Norway's municipal and healthcare sectors," says Ellen Langeggen, CEO of KLP Eiendom.

The purchase price amounts to SEK 5.4 billion, making it KLP Eiendom's largest acquisition ever. The property forms part of the Stockholm Waterfront complex, where KLP Fastigheter already owns the hotel and congress centre building. Through the acquisition, KLP Fastigheter will become the owner of the entire Stockholm Waterfront complex, significantly strengthening its presence in Stockholm.

"We already have extensive knowledge of the Stockholm market, and properties of this quality and in such a prime location rarely become available. The combination of a central location, excellent transport connections and a modern, high-quality office building makes this an attractive long-term investment. We also see potential synergies with our existing property and possibly an opportunity to connect the buildings in an exciting way," says Anette von Mentzer, CEO of KLP Fastigheter AB.

The acquisition comprises approximately 25,800 square metres, of which more than 90 percent consists of office space. The building currently has a well-diversified tenant mix, including UC, United Spaces, Essity, Euroclear and Postkodlotteriet. The seller is MEAG, acting on behalf of a specialised real estate fund. Completion is scheduled for 1 December.

Over the past year, KLP Eiendom has completed several major investments and entered new markets and segments, including acquisitions of logistics properties and rental residential properties in Norway, rental residential properties in Denmark and office properties in Sweden.

Total investments during 2026 amount to approximately NOK 6.5 billion, excluding the latest acquisition in Stockholm. Following the transaction, KLP Eiendom's Swedish property portfolio will have a value of approximately SEK 25 billion.