Scandinavian airline SAS has divested a portfolio of six individual buildings to Swedavia Real Estate for a total of SEK 1.77 bn (nearly EUR 200 mln).
Scandinavian airline SAS has divested a portfolio of six individual buildings to Swedavia Real Estate for a total of SEK 1.77 bn (nearly EUR 200 mln).
Swedavia is the state-owned operator and developer of 11 airports in Sweden.
The buildings represent the bulk of SAS's property portfolio in Sweden. The assets are Sverigehuset, Flight Academy and Tekniska Basen at Stockholm Arlanda Airport, the Spirit Cargo terminal and a hangar at Gothenburg Landvetter Airport and a hangar at Malmö Airport. They have a combined lettable floor space of about 152,000 m2.
Transfer of ownership takes place on 1 July 2012.
'Swedavia's acquisition of the buildings concerned indicates a major need and demand for airport-related buildings and infrastructure as the air-travel sector grows,' said Olle HÃ¥kansson, project manager at Newsec.
Newsec advised SAS on the deal.
