Härolden 44, also known as Fleming 7, is located on the east side of Kungsholmen, central Stockholm, and is close to public transport links. The building dates originally from 1964, with extensions carried out in 1989 and again in 2017. It has approximately 10,000 sqm of lettable space with flexible floor plans that offer open and adaptable spaces for tenants, a key differentiator with other buildings in the area.

The building largely consists of office space whilst also offering high level services including a restaurant, fitness centre, parking, indoor parking for bicycles and conference facilities – all of which are rarities for similar properties in the vicinity. It is BREEAM In-Use certified with a lift in certification level from Very Good to Excellent during Barings’ ownership. All current tenants have either signed leases during Barings’s tenure or extended and renewed contracts during the period.

Cushman & Wakefield advised Barings. 

Andreas Norberg, Managing Director and Country Head Nordics at Barings Real Estate, said: “The Stockholm office market has seen a lack of supply of high-quality assets with excellent facilities in desirable central locations, making Fleming 7 a highly attractive proposition to investors. Our tenure saw the previously under-rented property surpass our expectations in terms of rental uplift, and we are now looking to redeploy the proceeds to assets in the future.” 

Gunther Deutsch, Managing Director, Head of European Transaction, and Country Head Germany at Barings Real Estate, said: “We believe that prime offices in excellent locations in Europe’s strongest cities continue to provide excellent investment opportunities, whether for core capital, value-add investments or, indeed, in joint venture development projects with a local and experienced partner. As well as offices, our preferred sectors across our European markets are in the logistics and living sector and, at this point in the cycle, we remain actively eager to explore opportunities on behalf of a range of core, core-plus and value-add strategies in our target countries Nordics, Benelux, Germany, UK, Italy, France and Spain .” 

For Barings
Ben Monteith/Charlotte Coulson (SEC Newgate)
baringsRE@secnewgate.co.uk

Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers.  Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.

About Barings
Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of March 31, 2025