Cushman & Wakefield has advised Ericsson on securing the site for a new 1 million-square-foot headquarters in Hagastaden, Stockholm. This transaction is the largest office lease in Sweden to date and one of the largest in Europe. Ericsson views the new campus as a catalyst for talent, innovation, and long-term growth.

The communications and network solutions provider will relocate its headquarters from the Kista district to Hagastaden, a major urban development area in the Swedish capital. Cushman & Wakefield advised Ericsson throughout the process, from identifying future-ready campus options to the signing of six leases with two separate landlords.

Strategic Relocation

By locating its future campus in Hagastaden, Ericsson positions itself near four universities, including the Karolinska Institutet. The site is also close to Karolinska University Hospital and SciLifeLab, a major molecular biology research center. The move is intended to complement and enhance the innovation ecosystem in the area.

Transaction Leadership

The advisory team at Cushman & Wakefield was led by Gustaf Benndorf and Tom Wadegård in Sweden. Karl Persson, Head of Sweden at Cushman & Wakefield, highlighted the significance of the deal, noting it is the largest office relocation in Europe in recent years and the most significant urban campus development in the Nordics ever.

Gustaf Benndorf described the outcome as incredible for Ericsson and its workforce following complex negotiations. Tom Wadegård added that the arrival of the tech occupier will transform the workplace and enhance the local innovation ecosystem. James Meikle noted that Ericsson has been a key client for over 20 years, providing deep insight into its strategic priorities.