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Malmö's Turning Torso landmark put up for sale

Peter Vinthagen Simpson · 17 Mar 2012, 11:57

Published: 17 Mar 2012 11:57 GMT+01:00

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"Through the sale, HSB Malmö gains the resources to invest in 1,000 rental apartments which will either be built or acquired in the next few years," HSB's board announced in a statement on Saturday morning.

HSB Malmö underlined in its statement that it currently has no plans to move from its head office in the landmark tower and plans to maintain its base there.

HSB has appointed the international real estate firm CBRE to manage the sale of the property located in the Västra Hamnen area of the city.

Turning Torso is the tallest building in Scandinavia and was designed by the Spanish architect Santiago Calatrave. The 190.4 metre tall building began construction in 2001 and was completed in 2005.

The building consists of 4,200 square metres of office space and 147 apartments.

The idea for the building emerged from the Bo01 housing fair which helped to launch development of Västra Hamnen, an industrial docklands area which had fallen into decay.

Interest for the apartments in the building was initially weak and HSB thus decided instead to turn them into rental apartments.

Story continues below…

HSB announced already in 2004 that it was considering an offer to sell the property, but decided to retain ownership.

The property was valued in 2008 at around 2 billion kronor ($300 million) and has come to symbolise the successful regeneration of the city during the past decade.

Peter Vinthagen Simpson (news@thelocal.se)

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Your comments about this article

14:48 March 17, 2012 by HYBRED
If they straightened it out I might be interested in buying it.
16:33 March 17, 2012 by Larry Thrash
It's a unique building but not very attractive. I'm not a fan of modern architecture, because it's cold, and uncomfortable.
17:29 March 17, 2012 by canuk
you cant open any of the windows, the apartments are small and come unfurnished. although, its a nice area of the city and you have a concierge service.
20:22 March 17, 2012 by philster61
would much rather own one of the apartments surrounding. The TT has probably lost some of its attraction anyway.
12:15 March 18, 2012 by masseolasse
#3 is indeed a very strange comment. The windows can open.

there are small apartments and there are apartment that are 190 square meters.

this would equal about 250 square meters in copenhagen, due to the different way of measure.

the apartment buildingsaround tt are of bad quality that are not built for the winds and weather of the harbor. and they are also a bad investment, prices are going down, and when all the new rental apartments are ready in west harbor the will bw sold in flea markets rather than on the real market. Extremely many rental aparmens are on their way
22:37 March 18, 2012 by zooeden
In other words the maintenance is super high which never did they think in their wildest dreams it would be!!!
22:32 March 19, 2012 by J Jack
It will be sold to a subsidiary set up by the realtor just as a legal way of 'Screwing Up' the rent for tenants.
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