Lysbomben

Obligo

Real Estate

Lysbomben - Lease extension, parceling and divesting government let assets in Stockholm

Sector: Office

Location: Stockholm, Sweden

Opportunity & Background

One asset comprising of two properties centrally located in Stockholm, both let to government tenants with short leases

Total leasable area of ~31k sqm

Let to Riksarkivet (National Archives) and Socialstyrelsen (National Board of Health and Welfare)

Business Plan & Execution

Parcel the two properties, and extended the lease with the National Archives for 25 years

Extensive refurbishment of the entire building (National Archives) and its installations relating to the lease extension

Continuously invest and nurture the relationship with Socialstyrelsen, and aim to extend lease before divesting

‍

Results

The National Archives was parcelled and sold to a Swedish Pension company in late 2016 once the renovation program was completed and the new 25-year lease commenced

The property occupied by Socialstyrelsen was sold in 2021 after having extended the lease and securing additional 6 years rent from government tenant

Sector: Office

Location: Stockholm, Sweden

Opportunity & Background

One asset comprising of two properties centrally located in Stockholm, both let to government tenants with short leases

Total leasable area of ~31k sqm

Let to Riksarkivet (National Archives) and Socialstyrelsen (National Board of Health and Welfare)

Business Plan & Execution

Parcel the two properties, and extended the lease with the National Archives for 25 years

Extensive refurbishment of the entire building (National Archives) and its installations relating to the lease extension

Continuously invest and nurture the relationship with Socialstyrelsen, and aim to extend lease before divesting

‍

Results

The National Archives was parcelled and sold to a Swedish Pension company in late 2016 once the renovation program was completed and the new 25-year lease commenced

The property occupied by Socialstyrelsen was sold in 2021 after having extended the lease and securing additional 6 years rent from government tenant

Opportunity & Background

One asset comprising of two properties centrally located in Stockholm, both let to government tenants with short leases

Total leasable area of ~31k sqm

Let to Riksarkivet (National Archives) and Socialstyrelsen (National Board of Health and Welfare)

Business Plan & Execution

Parcel the two properties, and extended the lease with the National Archives for 25 years

Extensive refurbishment of the entire building (National Archives) and its installations relating to the lease extension

Continuously invest and nurture the relationship with Socialstyrelsen, and aim to extend lease before divesting

‍

Results

The National Archives was parcelled and sold to a Swedish Pension company in late 2016 once the renovation program was completed and the new 25-year lease commenced

The property occupied by Socialstyrelsen was sold in 2021 after having extended the lease and securing additional 6 years rent from government tenant

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