Cushman & Wakefield Advises Ericsson On Record 1 Million-Square-Foot HQ Transaction

Cushman & Wakefield Advises Ericsson On Record 1 Million-Square-Foot HQ Transaction

Cushman & Wakefield (NYSE: CWK) has advised Ericsson (NASDAQ: ERIC), the communications and network solutions provider, in securing the site for a new 1 million-square-foot headquarters in Stockholm – the largest office transaction to date in Sweden and one of the largest in Europe.

Ericsson, a longstanding occupier client of Cushman & Wakefield, will relocate its headquarters from Stockholm’s Kista district to Hagastaden, a major urban development area in the Swedish capital.

The Cushman & Wakefield team was led by Gustaf Benndorf and Tom Wadegård in Sweden.

Karl Persson, Head of Sweden at Cushman & Wakefield, said: “This is the largest office relocation in Europe in recent years and the most significant urban campus development in the Nordics ever. The transaction highlights the client outcomes that can be delivered through the expertise across our Nordic and EMEA platforms.”