The property was sold be Altira AB, on behalf of its Farleden fund, for SEK 447 million. Altira was advised by Savills and Baker & McKenzie. 

Keflavik 1 is a freehold office building, built in 1993, with approximately 25.000m2 of lettable area.  73% of the property is occupied with current tenants including Ericsson, ConocoPhillips Nordic, KTH, Bevakningsbranschens Yrkes- och Arbetsmiljönämnd and Kunskapsskolan. Altira leased approximately 5000 m2 of the space.

David Ironside, European Director of LaSalle Investment Management, responsible for acquisitions in Northern and Central Europe comments “This acquisition confirms our strong belief in the office market in Stockholm and, in particular, the outstanding infrastructure in Kista. This property is ideally configured and located to take full advantage of the potential of the Kista market”

The LaSalle Euro Growth II is a closed-end pan European real estate fund with an investment capacity of €1 billion. The Fund is targeting opportunities across all real estate types and today has acquired assets in Sweden, France, Belgium, Spain, and Greece.   Investors include major pension funds, and institutional and high net worth investors from Europe and the Middle East.

Genesta Property Nordic AB is a local investment manager, acting on behalf of a limited number of international institutional investors, focused on acquisitions and asset management in the Nordic region.

Altira AB is an independent real estate investment company that together with Swedish investors execute on real estate acquisitions primarily with commercial use.