Wallenstam divests mixed-use property in Sweden to KPA Pension

Swedish property company Wallenstam is selling an architecturally acclaimed residential and commercial building in Central Nacka, to KPA Pension for SEK 822 mln (€73 mln). 

Nacka Grace

Nacka Grace, featuring 169 rental apartments and 12 commercial premises, was inspired by the Swedish Grace design movement and has been recognized with several awards, including Sweden's Finest New Construction 2024 and the Urban Design Award 2024 from Nacka Municipality. 
The sale, encompassing 9,780 m2 of lettable area, will transfer ownership to KPA Pension on October 31, 2025.
The Nacka Sicklaön 134:36 asset property is environmentally certified according to Miljöbyggnad Silver. It is located near the future metro line.
Mathias Aronsson, vice CEO and regional director of Wallenstam in Stockholm, said: "It feels great and reassuring to be able to hand over such a beautiful and high-quality project to a long-term and recognized player as the Folksam Group and KPA Pension. We have put a great deal of effort into creating and constructing a block with beautiful details, solid materials, and a look that ties in with Swedish building tradition, and we are convinced that the Folksam Group and KPA Pension will manage Nacka Grace in the best way."
Jonas Bjuggren, head of Real Estate at Folksam Group, added: "We are very pleased to be able to add Sicklaön 134:36 to our property portfolio and continue our long-term and strategic expansion through an acquisition of newly constructed, high-quality, and modern rental housing in an attractive location close to nature and public transport. Folksam Group's focus on high-quality properties in attractive locations remains unchanged."