Angelo Gordon to Sell 12,300 sqm Office Asset in Stockholm to Blackstone

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Real estate funds managed by Blackstone Property Partners Europe (“BPPE”) have agreed to acquire Barnängen 6, a 12,300 sqm Grade A office property in Stockholm, Sweden from Angelo Gordon and its partner Scius.

The loft-style property in the tech-focused inner-city district of Södermalm benefits from attractive ceiling heights, open-plan floor plates and floor-to-ceiling windows. The building is practically fully-occupied, with Spotify as its largest tenant.

BPPE is Blackstone Real Estate’s European core fund which can hold its assets in perpetuity. It is focused on investing in high-quality, well located logistics, residential and office assets across Europe.

Scius will remain as manager and operating partner going forward. Linklaters and Savills acted as advisors for Angelo Gordon. Roschier, Catella and PWC acted as advisors for Blackstone.

Michael Swank, Senior Managing Director, Blackstone: “Barnängen 6 is located in one of Stockholm’s most vibrant and popular areas. This transaction demonstrates our long-term conviction in high-quality office assets and in Stockholm, where demand for modern and flexible office space continues to grow.”

Mikael Freudmann, CEO, Scius: ”We are pleased to be able to continue to manage this unique property at Södermalm and finalize the extensive works carried out together with Spotify to create their future offices.”

For further information please contact:
Mikael Freudmann
CEO, Scius Partners
+468-410 577 51
mikael.freudmann@scius.se

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