Linklaters has advised EQT Real Estate I fund in the acquisition of the property Hönsfodret 1 on the island Södermalm (Stockholm) by way of a share transfer from an affiliate of the Swedish insurance company Folksam.
The underlying property value amounts to approx. SEK 345 million (EUR 33 m) before adjustment for latent capital gain taxes and the investment represents EQT Real Estate’s seventh to date and second in Sweden.
Built in 1981, the asset covers 9,100 sq.m. of mixed-use comprising both school and office space with 34 garage parking spaces. Asset offers attractive value-add opportunities through partnerships with existing tenants as well as the potential for future upgrades and is located within close proximity to key Metro lines. The area has benefitted from strong investments in recent years.
Linklaters team consisted of Magnus Lidman (picture) as responsible partner together with the associates Jonas Borg and Oskar Högberg.
Law Firms: Linklaters;
Clients: EQT Real Estate;