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Deal snapshot: WALLENSTAM ACQUIRES SUNDBYBERG, SWEDEN PROPERTY.

MANews-(C)2009-2015

Swedish property company Wallenstam (STO: WALLB) has acquired the property Freden StA[pilcrow sign]rre 11 in Sundbyberg from Profi Fastigheter through a company, Wallenstam said on Monday. The transaction comprises a development project in Hallonbergen/A-r with development rights for the possible construction of 600-800 new apartments, and also existing buildings of around 37,000 sq m. New zoning plans have passed review and are in preparation for adoption. The agreed property value amounts to SEK 493.5m (USD 58.10m) and the transfer will take place on 31 March 2015, the company said.

Country: Sweden

Sector: Construction/Real Estate

Target: Sundbyberg, Sweden Property

Buyer: Wallenstam

Vendor: Profi Fastigheter

Deal size in USD: 58.10m

Type: Corporate Acquisition

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUSW
Date:Mar 23, 2015
Words:129
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