Hufvudstaden buys Stockholm property

Real estate company Hufvudstaden has acquired the Rännilen 15 property at Smalandsgatan 12 in central Stockholm from Handelsbanken Liv. The purchase price is SEK 312.5 mln (EUR 46 mln). The rentable floor space comprises 3,400 m2, of which 2,200 m[sup]2[/sup] office space, 650 m[sup]2[/sup] retail space and 550 m[sup]2[/sup] storage. The property is fully leased and the annual rent amounts to SEK 14.1 mln (EUR 2 mln). The property will be trasferred on June 1, 2007.

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