Sågen 4

Infrastructure

Real estate

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Obligo

Real Estate

Sågen 4 - Converting a ~14k sqm industrial warehouse asset to office; signed a 15Y lease with ABB

Sector: Office - life science

Location: Västerås, Sweden

‍‍Opportunity & Background

The asset is a former PostNord terminal building, in Västerås

PostNord vacated the entire asset in Dec-2014, resulting in a significant leasing opportunity

‍

Business Plan & Execution

Convert the asset from an industrial asset to office and lease out at higher rent levels

Dual leasing track with multi and singe tenant scenarios being evaluated

‍

Results

Signed 15Y lease with ABB for the entire asset

Converted the asset from industrial warehouse to office

Increased leasable area by ~630 sqm through an extension

Project was completed on-time, and below budget

Yield on Cost for the project was 10%

Sector: Office - life science

Location: Västerås, Sweden

‍‍Opportunity & Background

The asset is a former PostNord terminal building, in Västerås

PostNord vacated the entire asset in Dec-2014, resulting in a significant leasing opportunity

‍

Business Plan & Execution

Convert the asset from an industrial asset to office and lease out at higher rent levels

Dual leasing track with multi and singe tenant scenarios being evaluated

‍

Results

Signed 15Y lease with ABB for the entire asset

Converted the asset from industrial warehouse to office

Increased leasable area by ~630 sqm through an extension

Project was completed on-time, and below budget

Yield on Cost for the project was 10%

‍‍Opportunity & Background

The asset is a former PostNord terminal building, in Västerås

PostNord vacated the entire asset in Dec-2014, resulting in a significant leasing opportunity

‍

Business Plan & Execution

Convert the asset from an industrial asset to office and lease out at higher rent levels

Dual leasing track with multi and singe tenant scenarios being evaluated

‍

Results

Signed 15Y lease with ABB for the entire asset

Converted the asset from industrial warehouse to office

Increased leasable area by ~630 sqm through an extension

Project was completed on-time, and below budget

Yield on Cost for the project was 10%

No items found.

More case studies from

Obligo

Real Estate

See all case studies

Triangelgården

Gjerpensgate

Lysbomben

Obligo

Real Estate

Sågen 4 - Converting a ~14k sqm industrial warehouse asset to office; signed a 15Y lease with ABB

Sector: Office - life science

Location: Västerås, Sweden

‍‍Opportunity & Background

The asset is a former PostNord terminal building, in Västerås

PostNord vacated the entire asset in Dec-2014, resulting in a significant leasing opportunity

‍

Business Plan & Execution

Convert the asset from an industrial asset to office and lease out at higher rent levels

Dual leasing track with multi and singe tenant scenarios being evaluated

‍

Results

Signed 15Y lease with ABB for the entire asset

Converted the asset from industrial warehouse to office

Increased leasable area by ~630 sqm through an extension

Project was completed on-time, and below budget

Yield on Cost for the project was 10%

No items found.

More case studies from

Obligo

Real Estate

See all case studies

14.1.2025

Triangelgården

14.1.2025

Gjerpensgate

14.1.2025

Lysbomben

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