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CBRE GI acquires 17,500 sq m office in Stockholm

People & Companies / Latest News

Sweden

Feb 19 2017

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CBRE Global Investors, on behalf of its clients, has acquired an office property, Tobaksmonopolet 2, Södermalm in Stockholm. The asset was sold by Aberdeen. Tobaksmonopolet 2 is a well-known, historic landmark property located on the inner-city island of Södermalm in Stockholm. The asset benefits from excellent access to public transport with overground, Metro and bus connections all within close proximity. The building has a total lettable area of approximately 17,500 sq m and is let to internationally recognized occupiers including H&M, Weekday, Swedish Match and NEPA. 

The building was constructed between 1917 and 1922 serving as the head office for the Swedish Tobacco Monopoly (today known as Swedish Match). Tobacco production was discontinued in the building in 1965. Today the property offers refurbished office space attractive to modern occupiers.

Andreas Norberg, Managing Director and Head of Transactions Nordics, CBRE Global Investors added: “This asset will provide our investors with exposure to a unique property in a strong and stable office market in Stockholm. Södermalm is very attractive to office tenants, and we are very positive about the long term outlook for this location.”

SOURCE: Property Magazine

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