Commerz Real sells office property “Solna Port” in Stockholm to Sweden’s AREIM

Press release for the US market

Commerz Real has sold the office property “Solna Port”, which is located in Solna about 5 km from the centre of the Swedish capital Stockholm. The purchaser of this striking office real estate with 43,700 square metres of lettable space is the Swedish asset and fund management company AREIM. The sale of the property, which was erected in 2001 and acquired for the open-ended real estate fund hausInvest in 2003, is taking place at a strategically beneficial point in time. Commerz Real is profiting from an extremely positive investment environment. 

As a result of the market situation and the high investment pressure, the demand for high-quality office real estate in attractive locations is currently extremely high. Against this background we were able to successfully sell this first-class office property at an excellent point in time for the fund,” explains Robert Bambach, the Management Board member of Commerz Real AG responsible for real estate transactions.

Management Board member Roland Holschuh underlines this from the stance of asset management: “Thanks to the customary close collaboration between the fund and asset management units, we consistently developed Solna Port into a high-quality multi-tenant property; this now also offers tenants requiring smaller offices the opportunity to lease areas with excellent fit-outs and access to high-quality services. The concept is a successful one, new lettings saw a promising start and we were able to conclude the sale at a higher price than the latest published market value.”

The real estate is located directly on the E4 highway, Stockholm may be reached within ten minutes. In architectural terms it is characterised by an imposing comb structure with as many as eight upper storeys and three basement floors. Since the departure of the previous tenant Skanska, Commerz Real has leased a significant part of floor space, with the new tenants including the software company Oracle and the telecommunications group Verizon.

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About Commerz Real

Commerz Real is a fully-owned subsidiary of Commerzbank AG with more than 40 years of market experience and approximately 32 billion euros in assets under management. The company combines comprehensive know-how in asset management and a broad-based structuring expertise to deliver its signature range of services of fund products focused on tangibles and bespoke financing solutions. The fund spectrum includes the open-ended real estate fund hausInvest, institutional investment products as well as entrepreneurial participations in real estate, aircraft, regenerative energy and ships. In its role as leasing company of Commerzbank Group, Commerz Real offers tailored equipment leasing concepts along with bespoke financing arrangements for assets such as real estate, big-ticket equipment and infrastructure projects.

www.commerzreal.com

 

 

Article Details

30/09/2015 Uhr
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