Swedish listed property firm Kungsleden has acquired a site with commercial development potential in the centre of Västerås from local player ABB.
Financial details were not disclosed.
The property at Mimer 6 currently comprises a multi-storey car park with more than 600 spaces as well as development rights for 29,000 m2 of office space and 12,000 m2 of multi-storey car park.
Kungsleden currently owns just over 150,000 m2 of commercial premises in central Västerås. The firm said that the acquired property was strategically located at the centre of its present holdings.
'The acquisition will enable us to expand our Västerås City community,' said Mats Eriksson, regional manager Mälardalen at Kungsleden. 'We look forward to further strengthening our customer offering by creating modern and sustainable office spaces in the city centre.'
The property will be transferred to Kungsleden on 30 September. Building permission is expected to be granted for one third of the development rights by the end of 2021, and the remainder not later than 2026.
