Klövern New Main Owner in Tobin Properties

Sweden 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.

2017-12-06

Share via e-mail

Rutger Arnhult. Image: Klövern
Rutger Arnhult.

Klövern has signed a contract with Tobin Properties regarding a commitment to buy 7. 5 million ordinary shares in a directed share issue at a price of EUR 2 per share, in total EUR 15M, and to guarantee a rights issue of at most 2,592,383 ordinary shares, corresponding to EUR 5.2M The board of Tobin Properties has decided to propose that an extraordinary general meeting on 8 January 2018 decides on the directed share issue and the rights issue.

"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
maria@nordicpropertynews.com




Why Pandox Reject the Swedish Market

Sweden Sweden With the completion of another major British hotel purchase Pandox CEO Anders Nissen tells Nordic Property News why the Swedish market is not an alternative for Pandox at the moment and his views of the European markets.


Corem Acquires from Stendörren

Sweden Sweden Corem buys 19,100 square meters in Veddesta, Stockholm, from Stendörren for MSEK 325.

Akelius Lowers the Risk

Sweden Sweden Akelius adjusts the finance policy. The new policy highlights the ambition to have a credit rating of BBB+ or better. The credit rating shall be minimum BBB.

Victoria Park Makes First Purchase After Vonovia Takeover

Sweden Sweden Per Ekelund, CEO at Victoria Park, tells Nordic Property News about the first acquisition since Vonovia's entry: “Hoping for more.”

Castellum Sells to Stendörren

Sweden Sweden Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).


Niam Appoints Director

Sweden Sweden Niam has appointed Christian Ekberg Director, Acquisitions.

Dutch Company Launches New Retail Concept to Take International Players to Sweden

Sweden Sweden Dutch Brandspot launches new retail concept to take international players to Sweden. CEO Ilona Tailade tells Nordic Property News of the new way to take international retailers to the Swedish market – and why they have chosen to start in Gothenburg instead of Stockholm.

Willhem Purchases for EUR 46M

Sweden Sweden Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.

SBB Acquires Saab Kockum's HQ

Sweden Sweden SBB has acquired Saab Kockum's HQ in Karlskrona. SBB are looking to turn the office building into a school.

”Swedish Companies Act Too Cowardly”

Sweden Sweden Why does Rutger Arnhult head towards the American market and why does he believe Swedish companies act too cowardly?