Highway Exposure

Acquisition
January 2007

Divestment
June 2008

Year of construction
2000

Lettable area
5,300 sqm

Fund
Mengus 2005

Highway Exposure, originally part of the Solna One property but partitioned by Mengus in 2008, was built by construction company JM and has a first-class location along Sweden’s main motorway E4 at the northern entrance to Stockholm.

The characteristics of the property fit well with Mengus’ investment strategy. The already on acquisition attractive exterior of the buildings signalled high quality while targeted refurbishment measures were required to update the interior layout.

Leasing efforts could be successfully completed within a short period of time despite the property being 50% vacant at acquisition. New tenants included companies such as SJ Service Academy, Candy King and Epsilon.

In June 2008, Highway Exposure was divested fully let to the German fund CS Euroreal.

.
.

Related Projects