2014-06-09, kl. 09:00
The new hotel property at Stockholm Arlanda Airport was completed in October 2010 and was then operated by Clarion. That year, the building was nominated Hotel Building of the Year in Sweden. Swedavia and SPP Fastigheter have now reached an agreement on a transfer of shares in the company that owns the property. The transaction is being carried out at an underlying property value of SEK 1.1 billion with potential for a supplemental purchase price. Swedavia realises a capital gain of SEK 350 M on the sale. The plan is for SPP Fastigheter to take over the property on June 18, 2014.
"Our task is to further develop the airports and as a result enhance the conditions for Swedish access. At the same time that we are carrying out a very important step in this work, we welcome Storebrand/SPP's commitment, which will further enhance Stockholm Arlanda Airport's offering to passengers," says Torborg Chetkovich, chief executive of Swedavia.
"The acquisition of this hotel property is in line with our strategy to invest in real estate in growth regions with stable cash flows. Sustainability is an important issue for us, and the property is Green Building-certified. We are very pleased about the opportunity to complete this deal with Swedavia," says Marita Loft, chief executive of Storebrand Fastigheter.
The agreement between Swedavia and Storebrand means that another strong stakeholder is involved in the continued development of Stockholm Arlanda Airport. The hotel property has 414 hotel rooms, 44 meeting venues and two restaurants immediately adjacent to the airport terminals.
For Swedavia, the sale means that further room is available to develop properties close to the airport, with office buildings next to the hotel property being the next natural step. Alongside this, conditions are also created to handle long-term passenger growth at the airport. Swedavia's advisor on the sale was DTZ.