Klövern To Acquire Globen City

News: Sweden-based real estate company Klövern has signed a letter of intent to acquire Gloven City in Stockholm from The Carlyle Group. The acquisition also includes Arenan 2, 3, 6 and 8 in Stockholm and Startboxen 3 in Solna. The gross lettable area of the properties is about 140,000 square metres and is primarily office space. The letter of intent gives Klövern exclusive rights to do due diligence on the properties, and a final purchase agreement is expected be signed by the end of Q114. The acquisition will significantly boost Klövern's presence in Stockholm.

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Related sectors of this article: Real Estate
Geography: Sweden

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