Klövern New Main Owner in Tobin Properties
Sweden Klövern will after the directed share issue own around 40 per cent of the number of shares and hold around 42 per cent of the voting rights in the Tobin Properties.
"In connection with Klövern's ambition to invest in housing development through Klövern Living, a unique opportunity has arisen for Klövern to position itself on the important Stockholm market. An investment by Klövern in Tobin Properties is not an expression of the housing market having bottomed out, on the contrary it is a way to take advantage of future opportunities which a probably weak market during 2018 will offer. Tobin Properties has a very talented development team which with stronger financial muscles can use opportunities which may arise in the wake of a weaker housing market," says Rutger Arnhult, CEO of Klövern.
Maria Olsson Äärlaht