The Hasten and Putten properties comprise the Stockholm component of a 190,000 square meter (2,000,000 sf) Nordic portfolio of twelve office/retail buildings located in Stockholm, Oslo and Helsinki, that was recently acquired by Pembroke.

The Hasten property, located on Hamngatan and Norrlandsgatan in Stockholm’s central business district (CBD), and the Putten property, located on the CBD’s central artery of Sveavagan, are positioned in two of the most prime office and retail locations in Stockholm.

The Hasten property comprises four office/retail buildings totaling 71,000 square meters (764,000 sf) at the head of Kundstradgarden, overlooking the Royal Castle and adjacent to the historic luxury department store, NK. The Putten property, totaling 17,000 square meters (183,000 sf), overlooks Stockholm’s landmark Hortorgcity office towers and Stockholm’s central public square, Sergels Torg.





The Nordic economies have outperformed the European average over the last several years, and the performance of these capital cities have been important drivers of regional growth. Over the long-term, globally-competitive industries in these markets may provide opportunity for sustained growth. Pembroke’s entry into the Nordic region enables us to broaden our European market exposure and gain access to attractive real estate markets.

The portfolio’s concentration in the Stockholm CBD was a key factor in the acquisition. With attractive demographics and a high concentration of knowledge-based industries such as information technology, biotechnology and financial services, the Stockholm region has potential to achieve continued economic growth in the future. Combined with a naturally supply-constrained CBD and a transparent investment market, long-term investment in the Stockholm CBD provides a compelling opportunity to add geographic and economic diversification to our global portfolio.