KLP Eiendom agreed on 12 November 2026 to buy the Waterfront Building next to Stockholm Central Station from MEAG for SEK5.4bn (about NOK5.2bn), the largest acquisition in its history.
Why KLP Eiendom is buying Waterfront Building (Bangårdsposten 1), Stockholm (from MEAG)
KLP Eiendom said it intends to keep growing while diversifying its investments, describing the property as a rare opportunity to buy a modern, high-quality office building in a very central location.
Deal terms and financing
MEAG is selling on behalf of a property special fund. The 25,800 sq m building, completed in 2009, produces about SEK229m of annual rent; tenants include UC, United Spaces, Essity, Euroclear and Postkodlotteriet. Handover is planned for 1 December.
Market context
KLP Eiendom already owns the hotel and congress building in the Stockholm Waterfront complex, which it bought in 2015. After the deal its Swedish portfolio will be worth about SEK25bn.
