Garnisonen

Obligo

Real Estate

Garnisonen - Former military campus redeveloped into a legal and justice government cluster

Sector: Office

Location: Linköping, Sweden

Opportunity & Background

Former military campus acquired in 2004, and sold in 2016, located in Linköping, Sweden

This unique property portfolio consisted of 38 commercial multi-story buildings and two land parcels

The property was constructed in 1922 and expanded in the 1990s and 2000s

Business Plan & Execution

Convert the former military campus into a cluster for government tenants

Sign long term leases with government tenants

Major development and re-development projects included projects for the Swedish Police, National Medicine, The Swedish National Laboratory of Forensic Science and The Swedish Security Service

Results

The property was redeveloped to a legal and justice government cluster with over 50% of the tenants belonging to the judicial system

The property annually averaged 98% occupancy

Development of ~25k sqm of new space, the majority for Government tenants

Annual rent increased with ~70%

Sector: Office

Location: Linköping, Sweden

Opportunity & Background

Former military campus acquired in 2004, and sold in 2016, located in Linköping, Sweden

This unique property portfolio consisted of 38 commercial multi-story buildings and two land parcels

The property was constructed in 1922 and expanded in the 1990s and 2000s

Business Plan & Execution

Convert the former military campus into a cluster for government tenants

Sign long term leases with government tenants

Major development and re-development projects included projects for the Swedish Police, National Medicine, The Swedish National Laboratory of Forensic Science and The Swedish Security Service

Results

The property was redeveloped to a legal and justice government cluster with over 50% of the tenants belonging to the judicial system

The property annually averaged 98% occupancy

Development of ~25k sqm of new space, the majority for Government tenants

Annual rent increased with ~70%

Opportunity & Background

Former military campus acquired in 2004, and sold in 2016, located in Linköping, Sweden

This unique property portfolio consisted of 38 commercial multi-story buildings and two land parcels

The property was constructed in 1922 and expanded in the 1990s and 2000s

Business Plan & Execution

Convert the former military campus into a cluster for government tenants

Sign long term leases with government tenants

Major development and re-development projects included projects for the Swedish Police, National Medicine, The Swedish National Laboratory of Forensic Science and The Swedish Security Service