NP3’s Joint Venture With Sagax

Hannes Snellman advised NP3 Fastigheter AB on the deal.

NP3 Fastigheter AB announced the establishment of a joint venture with AB Sagax for the purpose of jointly acquiring, owning and managing a real estate portfolio.

The real estate portfolio was acquired from Stark Group and comprises 37 real estate properties with an underlying property value of approximately SEK 1.4 billion.

NP3 Fastigheter AB and AB Sagax are both listed on Nasdaq Stockholm. Because of AB Sagax’ substantial shareholding in NP3 Fastigheter AB and the significant size of the transaction, the transaction was considered a material transaction with a closely-related party and thus required special approval by the general meeting of NP3 Fastigheter AB.

The Hannes Snellman’s core advisory team consisted of Mattias Friberg (Picture), Khaled Talayhan, Emma Greiff and Mikael Stabo.

Involved fees earner: Mattias Friberg – Hannes Snellman; Emma Greiff – Hannes Snellman; Mikael Stabo – Hannes Snellman; Khaled Talayhan – Hannes Snellman;

Law Firms: Hannes Snellman;

Clients: NP3 Fastigheter AB;