JLL has been the transaction advisor to the property owner, Union Investment, in the sale of the office property Uggleborg 14, Sthlm Hub in Stockholm. The buyer is Vasakronan.
News release
26 March 2024
JLL adviser in the sale of an office property in central Stockholm
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Union Investment has sold the office property Uggleborg 14, Sthlm Hub, located at Vasagatan 12 in Stockholm, to Vasakronan. The purchase price amounts to approximately SEK 715 million.
The building, located in the Stockholm CBD next to the Central Station, has a leasable area of approximately 5,900 square meters and is currently 86 percent let. The property has received a BREEAM in Use certification with a rating of "Excellent". Vasakronan owns the adjacent property.
- We are pleased to have the trust to assist Union Investment in the sale of an attractive office property in central Stockholm. This is the fourth office sale we have been involved in since last December, and we see positive market signals and increased activity. We thank both parties for a good cooperation and congratulate them on a successful deal, says Daniel Anderbring, Head of Capital Markets, JLL Sweden.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.