Our focus on large cities in Sweden and Finland most often leads us to real estate within the office-, residential- and retail segments. Currently, Cavendo manages properties with a gross asset value of approximately EUR 900 million.
Lion is a mixed-use city block located on Södermalm in central Stockholm. The property was constructed in 1928 and comprises residential, restaurant, retail and office premises. It is also home to one of Stockholm’s most iconic music venues, Göta Lejon, where artists such as Metallica, AC/DC and Roxette have performed. The property is located at the junction of Götgatan and Folkungagatan, which is one of the busiest locations in Stockholm in terms of footfall.
Towers are two, 20-floor residential buildings in the western part of Kungsholmen, in Stockholm’s inner city. These buildings have 268 apartments and were completed in 2011. The properties have a seafront location and are a two-minute walk to the metro station. West Kungsholmen is a modern, seafront residential area developed mainly during the 2010s. The area is also home to the HQs of some of Sweden’s largest corporations. Together the adjacent properties form a landmark with views over Stockholm city and Lake Mälaren on either side of the Essingeleden expressway.
Heron City is situated at Kungens Kurva, 15 minutes south of downtown Stockholm. Kungens Kurva is the largest retail park in the Nordics, with around 20 million visitors every year. The largest tenants are Mio, Filmstaden, Willys, SATS and XXL. It also offers an extensive selection of food, retail and leisure spaces. It is located at the Stockholm Bypass interchange tunnel that is currently under construction. The Stockholm Bypass is Sweden’s largest infrastructure project and will be completed in 2028. On completion it will be the busiest traffic intersection in Sweden, with some 140,000 vehicles passing the property every day.
Kluuvi is a city block in central Helsinki, consisting of retail, restaurant and office premises. The property is located on Alexanterinkatu, Helsinki’s most well-known pedestrianized shopping street. It starts next to the Presidential Palace and passes Helsinki Cathedral, Helsinki University and the Stockmann Department store. The property has direct access to both trams and metro.
The Arkadia office building is situated on the fringe of Helsinki’s CBD. The building was constructed in 1932 as the HQ of OP, which today is one of the largest financial groups in Finland. The property has recently undergone a thorough refurbishment and is home to several well-known corporate and public tenants, among them, OP-bank. The property is located next to the Hanken School of Economics. The property is served by trams.
Fruängen Centrum is a mixed-use shopping center and was constructed in the 1960s. The property comprises retail, restaurants, grocery, offices and residentials. The property is located 10 km south of Stockholm right next to the Fruängen metro station. Some of the largest tenants are Coop, Hemköp, Systembolaget, Fitness24Seven and the City of Stockholm.
Högdalen Centrum is a mixed-use community center constructed in the 1960s. The property comprises retail, restaurants, grocery and office spaces. The property is located 10 km south of Stockholm right next to the metro station and highways 73 and 226. Some of the largest tenants are ICA, Coop, Systembolaget, City of Stockholm. 32% of the lettable area is occupied by grocery stores.
Tumba Centrum is a mixed-use community center constructed in the 1960s. The property comprises retail, restaurants, grocery, office and residential spaces. The property is located 25 km south of Stockholm right next to the commuter train station and the E4/E20 highway. Among the largest tenants are ICA, Botkyrka Municipality, Lidl and Systembolaget.
Haninge Centrum is a mixed-use shopping center comprising retail, grocery, restaurants, office and residential space and was constructed in 1964. The property is located 17km south of Stockholm right next to the Handen commuter train station and highway 73, which enables easy access to Haninge Centrum. Haninge Centrum is anchored by tenants such as Hemköp, Systembolaget and Clas Ohlson. Haninge Police Station is also based at the property.
Häggvik Handel is a retail property located in Häggvik, Sollentuna Municipality. Tenants include Coop, Systembolaget and McDonalds. Häggvik is under development and in the coming years, the area will change from an external retail park area to a dynamic neighborhood with residential, retail, workplaces and services. Häggvik Handel is currently undergoing a rezoning which will allow for a conversion into residential use. Approximately 1,200 units could be constructed on the property. The property is located next to the Häggvik commuter train station.
Cavendo’s asset management is focused on being local and hands-on. Our in-house team has a broad and deep experience in all aspects of asset management and across all property types. We focus on being on the ground and close to our tenants and visitors to provide the level of service and support that they expect.
Our asset management organization is set up to create results and efficiency for our investors and to take advantage of large-scale investment opportunities. We see asset management as an integrated part of our deal sourcing and acquisition. Asset management must be adapted to the acquisitions that we make and not the other way around.
We think it is essential that we can adapt to the needs of our tenants and their business, the general economy and to events that constantly change. Our teams have to be flexible, never get comfortable and always look for ways to improve that go beyond business plans.
Cavendo is highly committed to making our properties better for our tenants, partners and the cities we operate in.
We have developed a process to integrate the latest technical solutions in building automation and building technology into our asset management platform. This allows us to quickly assess and take relevant actions that quickly have a positive impact on the energy efficiency of our properties. This process has yielded significant and tangible results in lowering CO2 emissions in our properties, while lowering operating costs at the same time.
By actively participating in, and forming partnerships with public organizations, non-profit tenants and other landlords, Cavendo makes a real and tangible impact on the social situation of the places we are responsible for. In many cases we have been entrusted with managing what is a critical aspect of everyday life for thousands of urban dwellers in Stockholm and Helsinki. It is a responsibility and challenge that we are grateful to accept.
