X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STOCKHOLM, SWEDEN-KLP Fastigheter purchased a five-star, 86,615-square-foot Rasisson SAS here. The purchase from seller RBS Nordisk is part of the locally-based company’s expansion plans, according to an article in PropertyEU.

“We are very pleased to have acquired this fantastic property,’ KLP’s CEO. Steinar Manengen says. ‘It fits perfectly into the portfolio we want to build in Sweden.”

KLP has plans to grow its Swedish portfolio over the next four to five years. The company already owns six hotels in Norway and one in Sweden. The target portfolio could be worth as much as $909.5 million by the end of the growth period.

The purchase price of this Radisson hotel was not released.

To read the report in PropertyEU click here.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.