Southside is a full-scale redevelopment asset in central Stockholm that will be developed into a Grade A, modern 12,000 sqm office and education property.
The Southside asset is located in the Södermalm submarket of central Stockholm with close proximity to key metro lines.
The asset provides the potential to develop a Grade A education/office building. At the time of acquisition, Grade A vacancy rates in the Södermalm submarket are approximately 3% with a limited pipeline of Grade A education/office supply.
The business plan is to redevelop the asset into a prime education/office building and increase the lettable area by approximately 3,000 sqm through build-out of unutilized building right.