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Technopolis acquires campus in Stockholm, divests campus in St. Petersburg

Technopolis, the expert in shared workspace in Europe, is strengthening its position in the Nordics by acquiring a campus in Stockholm. At the same time, Technopolis has divested its Pulkovo campus in St. Petersburg, Russia. The transactions are part of Technopolis’ growth strategy in Europe, as the company prepares for the post-Covid-19 hybrid work life with highly adaptable and sustainable workspaces.

The Technopolis Stockholm campus is located in the vibrant business district of Kista, which is home to several leading technology and telecommunications companies. Under the agreement signed today, Technopolis will acquire the Kista Front complex comprising a total of 44,500 square meters from Atrium Ljungberg, one of Sweden’s biggest listed property companies.

“We have been looking for a suitable campus in Stockholm for a long time, and we are very excited to establish our presence in the largest economic region in the Nordics. As a hub for ICT companies, Kista is a perfect fit for us. We look forward to offering the Technopolis concept to potential customers in the Swedish capital,” says Sebastian Koldéus, Chief Strategy Officer at Technopolis.

The modern Stockholm campus is easily accessible by car and public transport. The upcoming tram line Tvärbanan and station in Kista will further improve connections to the campus.

Strategic shift in geographical focus

Technopolis has divested its operations in St. Petersburg, Russia, to Corporation Sterkh. The Technopolis Pulkovo campus consists of phases one and two totalling a rentable area of approximately 35,000 square meters. The parties are not disclosing the transaction price.

“The Pulkovo campus in St. Petersburg was our first project outside of Finland back in 2010. After building the campus and developing it for over a decade, we decided to divest the asset as part of our strategic geographical refocusing. I am delighted about Technopolis entering the Stockholm region with the acquisition of the campus in Kista. Stockholm is the most dynamic region in Sweden and the Nordic region, and our new campus will significantly strengthen our position in the Nordics. We have already brought our concept successfully to Sweden in Gårda, Gothenburg, and we see a lot of potential in our new campus in Kista,” says Niko Pulli, CEO of Technopolis.

Technopolis Holding Plc

For more information, please contact:

Niko Pulli
CEO
Tel. +358 40 544 9014
niko.pulli@technopolis.fi

Sebastian Koldéus
Chief Strategy Officer
Tel. +47 91 61 70 61
sebastian.koldeus@technopolis.no