2024-02-02, NCAP & Europa Capital exit Fleminggatan 20, Stockholm
Europa in partnership with NCAP, have sold their newly refurbished 13,316 sq m, seven storey office building in central Stockholm, Sweden, to KPA Pension, the leading pensions company for local governments in Sweden and part of the Folksam Group. This followed the signing of the most recent office letting at the building in December 2023 to Ekonomistyrningsverket (ESV), the Swedish National Financial Management Authority, taking occupancy to 95%.
The asset was acquired in July 2019, with vacant possession gained in 2020. Working as Europa’s local partner, NCAP masterminded the complete refurbishment of the building. This included the creation of an additional 1,409 sq m of lettable offices, the addition of a new reception lobby, a change of use to create a restaurant space and other structural enhancements, which improved the building’s sustainability performance to BREEAM “Very Good” certification and Fitwel Level 1 accreditation.
Other key occupiers secured include Foodora, the Swedish food delivery and Q-commerce company, and AB Svensk Exportkredit, the state-owned export credit agency.
Located on the island of Kungsholmen in central Stockholm, Fleminggatan 20 benefits from excellent connectivity and is a short walk over the canal from Stockholm City Station.