MKB Purchases Jägersro Racecourse for EUR 79M
Sweden MKB and Skånska Travsällskapet has come to an agreement over the acquisition of Jägersro racecourse. The purchase means that Malmö gets a new district in Jägersro with approximately 3,400 new apartments and a new equestrian sport center.
Through the acquisition MKB could secure future building permits for their own exploitation and apartment construction, but MKB also opens up for possible land divestment for apartment, commercial and service purposes to other commercial/private investors.
“MKB opens the door to taking responsibility for a new, exciting urban development with mixed buildings in a green environment. Our hope is to find strategic partners who want to develop the district together. It would also be great if we could be a part in developing Malmö’s equestrian sport” says Terje Johansson, CEO at MKB Fastighets AB.
The deal’s value amounts to MSEK 775 (EUR 79M).
MKB’s advisor was Lindahl.