Property group Fastighets AB Balder has bought the new-build Karlatornet hotel building in Gothenburg, Sweden – the tallest in Scandinavia.
The 246-meter skyscraper has 74 floors with 611 apartments, hotel, offices and a sky bar and is still under construction.
The Serneke property group sold the building for around SEK 660 million (€58.5 million).
The location on Lindholmen means that its silhouette will be visible both from the river and from the city centre. The construction of the tower is also the start of the new district Karlastaden.
The tenant is the Strawberry Group, which will operate a Clarion hotel in the building from summer 2024.
At the same time, Balder has sold 55,000 square meters of building rights in Veddesta, Järfälla municipality to Serneke.
Erik Selin, CEO of Fastighets AB Balder, says, “We have a long history together with Petter Stordalen and his prominent hotel group. The hotel building at Karlatornet is progressing according to plan and I am sure that it will be a fantastic concept and contribution to the district and Gothenburg.”
The transaction with Serneke also includes Balder selling back building rights in Barkarby City, Södra Veddesta in Järfälla municipality.
Since 2017, Serneke has had land approval for the development of six blocks in the area, of which Balder acquired building rights for three blocks in 2021. As part of the deal, these building rights revert to Serneke for a purchase price of SEK 160 million (€14.2 million)