Swedish property group Norrporten has continued its expansion in Hamburg's HafenCity district with the acquisition of 12,000-m[sup]2[/sup] SKai office building earlier this month. The seller was Hamburg-based DWI Grundbesitz.
Swedish property group Norrporten has continued its expansion in Hamburg's HafenCity district with the acquisition of 12,000-m2 SKai office building earlier this month. The seller was Hamburg-based DWI Grundbesitz.
The investment volume was in the region of SEK 600 mln (almost EUR 58 mln). Andes Wiklander, managing director of Norrporten, said the acquisition was a unique possibility to add to its assets in Hamburg. The company owns more than 30,000 m2 in HafenCity following the earlier acquisition of the nearby Hamburg America Center and two other properties.
In total, Norrporten owns and manages just under 140 properties with a value of SEK 17 bn. The portfolio comprises a total floor area of 1.1 million m2, a rental value of SEK 1.5 bn. The business operates in Luleå, Umeå, Sundsvall, Gävle, Uppsala, Örebro, Linköping, Jönköping, Växjö and Helsingborg. It also operates in Copenhagen and Hamburg.
