Fabege is the largest owner of commercial properties in Solna. It owns 37 properties in Solna, comprising a total surface area of 503,000 sqm, with offices accounting for 74 per cent of the premises. This represents a market share of about 37 per cent of the office market. The rental value is approximately SEK 840m, corresponding to 37 per cent of the company’s total rental value.
Fabege owns almost 100 per cent of the office space in Arenastaden and thus plays a central role in the development of an attractive mix of offices, retail stores, housing and green areas. The Friends Arena was inaugurated in October and the construction of Scandinavia’s largest shopping centre, the Mall of Scandinavia, commenced during the year. The mall is scheduled for completion in autumn 2015. The largest tenants that moved into Arenastaden during the year included Vattenfall, Carlsberg Sweden and Svea Ekonomi.
The area has excellent transport facilities as a result of the planned expansion of commuter trains, the light railway system and buses, which also provides proximity to Stockholm Arlanda Airport and the E4 motorway.
In pace with development of the area, levels of interest and rents are rising. In early 2013, the occupancy rate was approximately 91 per cent.
Solna Business Park
Solna Business Park is an established business park where a number of major companies, including ICA, Evry and Coop, have their head offices. Since Fabege owns a large number of the properties, opportunities for tenants to expand in the area are favourable. As a major property owner,
Fabege can also influence the development of properties and the area.
The range of transport facilities options is second best to Stockholm Central Station in the Stockholm region. When construction of the new light rail service is completed in 2013, Solna Business Park will be served by inter-city trains, commuter trains, the underground, light rail and buses. The Mälarbanan commuter rail service provides easy access from Västerås and Enköping. Bromma airport is close by.
The area has a broad offering of business services including cleaning, office supplies, fruit baskets, plant services, security, catering, conference and hotel activities. A range of conveniences are also available that simplify the everyday lives of employees, such as a gym, pharmacy, restaurants, hairdressing salon, ATM and dry cleaning.
At the end of 2012, the occupancy rate in the area was approximately 93 per cent.
Other parts of Solna
Fabege also owns a smaller number of properties in other parts of Solna. In 2013, work commenced on the conversion of Råsunda Football Stadium into an office and residential area, where Fabege will have opportunities to develop 20,000 sqm of office space.
Rental value by category, per 31 December 2012
Lettable area by category, per 31 December 2012
Key figures, per 31 december 2012
|Number of properties
|Market value, SEKm
|Lettable area, ‘000 sqm
|Financial occupancy rate, %
|Remaining contract term, years
|Rental value, SEKm
Largest tenants, per 31 december 2012
|Peab Sverige AB
|Svenska Spel AB