Kungsleden leases 2,900 sq.m. in Gärdet to Swedish Performing Arts Agency
Kungsleden has signed a 12-year contract with the Swedish Performing Arts Agency (Musikverket) for approximately 2,900 sq.m. in the Stettin 6 property in Gärdet, Stockholm. The lease contract corresponds to an annual rental value of approximately SEK 12 million.
“I am extremely pleased that the Swedish Performing Arts Agency has chosen Kungsleden. Gärdet is a very exciting urban development area with a steadily increasing demand for premises. There is plenty of interest in our property and the occupancy rate is currently 74 per cent,” says Sven Stork, Regional Manager Stockholm at Kungsleden.
The Swedish Performing Arts Agency is a centre for cultural heritage and cultural life in music, theatre and dance.
“I am delighted that the Swedish Performing Arts Agency has, after much searching, signed this long-term lease for new, attractive premises for its archive and library activities. I am convinced that this location, close to several other institutions with which we cooperate, will be a good solution for our patrons, researchers and other users. We are really looking forward to the move,” says Gerhard Kunosson, Director-General of the Swedish Performing Arts Agency.
Stettin 6 on Tegeluddsvägen 100 is part of Kungsleden’s Stockholm City East cluster, which comprises four properties with a total of 90,000 sq.m. Tenants of and visitors to Stettin 6 are welcomed by a large atrium forming an extension to the entrance. Its generous ceiling height offers a feeling of both space and the outdoors. The design of the building allows for everything from co-working and traditional offices to activity-based areas. The Eatery chain is opening a restaurant in May 2020 and will staff the building’s reception, which will offer various services to Kungsleden’s tenants.
The Agency is expected to move into the building in June 2021.
About Kungsleden. We are people that create places and experiences for people. By developing and managing attractive and sustainable places, we offer people a better and more inspiring work experience. We are a long-term property owner focused on commercial properties in Sweden’s growth regions. As of 31 December 2019, we owned 209 properties with total value of SEK 38,310 m. Kungsleden (KLED) is listed on the Nasdaq Stockholm Large Cap. Read more at www.kungsleden.se