Sweden’s largest single asset property deal completes

  Vasakronan, the property company owned by four Swedish government pension funds, has bought the Blåmannen 20 city block in Stockholm for €483m in what is understood to be the largest single asset transaction to complete in Sweden.  Vasakronan bought Blåmannen 20, known as Klara Zenit, from HausInvest, the German open-ended property fund managed by Commerz Real Blåmannen 20, located in the heart of Stockholm’s central business district, comprises three attached buildings, which were renovated and rebuilt between 2000 and 2003. It provides approximately 700,000 sq ft of offices and shops. Tenants include well known brands such as Clas Ohlson, H&M and Oriflame. Daniel Gorosch, head of capital markets and leasing at Jones Lang LaSalle in Sweden, which advised Vasakronan, said: “Blåmannen 20 is a prime core asset with a strong tenant mix of retail and office occupiers and we are proud to have advised on the largest single property transaction on the Swedish market to date and to do business with two of Europe’s major real estate investors – Vasakronan and Commerz Real.”   annabel.dixon@estatesgazette.com   To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.