Union Investment’s SEK 1.2 billion acquisition of property in Arenastaden from Fabege

Linklaters has advised Union Investment Real Estate GmbH in the acquisition of the property Uarda 6 in Solna (Stockholm) by way of a share transfer from the listed company Fabege AB.

The underlying property value amounts to SEK 1,2 billion (approx. EUR 120m). The property covers almost 18,000 sq.m. of mostly office space and is let to 95 % and anchored by strong tenants such as Siemens, H&M and Ambea. The property is part of a commercial area called Arenastaden, which include Sweden’s national arena, Scandinavia’s biggest shopping centre Mall of Scandinavia and headquarters to major Swedish companies. Closing is expected at the end of May this year.

Linklaters has advised Union Investment on the deal with a team consisted of Magnus Lidman (picture) as responsible partner together with the associates Oskar Högberg and Julia Wennberg.

Involved fees earner: Magnus Lidman – Linklaters; Julia Wennberg – Linklaters; Oskar Högberg – Linklaters;

Law Firms: Linklaters;

Clients: Union Investment Real Estate GmbH;