Vonovia Majority Owner in Victoria Park

Sweden Sweden Vonovia has announced that its wholly-owned subsidiary Deutsche Annington Acquisition Holding GmbH (“Vonovia Acquisition Holding”) will become owner of more than 50 percent of the total number of votes in Victoria Park. Vonovia thus completes the public cash takeover offer that Vonovia, through Vonovia Acquisition Holding, announced to Victoria Park's shareholders on 3 May 2018. The final outcome will be announced on or around 21 June 2018.

2018-06-20

Share via e-mail

A preliminary summation at the end of the acceptance period today, 18 June 2018, shows that Vonovia Acquisition Holding will become the owner of more than 50 percent of the total number of votes in Victoria Park, including the shares that Vonovia Acquisition Holding, through call options from large shareholders of Victoria Park, has a right to acquire in May 2019. All terms of the Offer are thus met and Vonovia Acquisition Holding will complete the Offer.

The final calculations of the shares tendered during the initial acceptance period is still in progress and the final outcome is expected to be announced on or around 21 June 2018. Settlement in respect of the Victoria Park shares duly tendered by 18 June 2018 is expected to occur on or around 28 June 2018.

Vonovia Acquisition Holding has also decided to extend the acceptance period for the Offer until 17.00 CET on 3 July 2018.




Axel Ohlsson
axel@nordicpropertynews.com

Related articles:




Skanska Invests EUR 175M in Citygate

Sweden Sweden Skanska invests approximately SEK 1.8 billion (EUR 175M) in the office project Citygate in Gothenburg, Sweden.


Vaskronan Rents 6,600 sqm to the Swedish Council for Higher Education

Sweden Sweden Vasakronan rents 6,600 sqm in the new project Strand in Solna, Stockholm, to the Swedish Council for Higher Education.

"Rents Will Rise"

Sweden Sweden Fredrik Wirdenius, CEO of Vasakronan, tells Nordic Property News of the companies strong progress and his view on the rental market going forward.

Vincero Makes New Huddinge Acquisition

Sweden Sweden Vincero Fastigheter has acquired three strategically significant properties in Storängen’s industry area adjacent to Huddinge city center.

AMF Fastigheter Rents Out 8,000 sqm in Central Stockholm

Sweden Sweden Paradox Interactive becomes the next tenant to sign agreements in Stockholmsverken. They move into approximately 8,000 square meters at the junction between Rosenlundsgatan and Magnus Ladulåsgatan.


Skanska Develops and Sells Hotel to LKAB

Sweden Sweden Skanska develops and builds a new hotel in central Kiruna, Sweden, with Scandic hotels as operator. The hotel is sold for MSEK 500 (EUR 49M) to LKAB that will take over the building at the completion in the autumn 2021.

Catella Adds Wilner Anderson

Sweden Sweden Catella strengthens their retail offer by adding former the Agora and Steen & Strøm CEO as a Senior Advisor.

Bonava Acquires Land in Västerås

Sweden Sweden Bonava has concluded an agreement for the acquisition of land from the municipal property company Mimer at Öster Mälarstrand in Västerås, Sweden. The site is located in an area where Bonava will construct about 550 housing units. Construction is scheduled to commence in 2019.

Brunswick Divests Grocery Store Portfolio

Sweden Sweden Brunswick Real Estate, on behalf of Sveafastigheter Fersen II AB, has divested a 50-property portfolio to the listed property company Tre Kronor. Total gross asset value amounts to MSEK 903 (EUR 87M).

Regio Makes Large Gothenburg Acquisition

Sweden Sweden The Brunswick company Region has acquired eleven properties with a total rentable area of ​​38,000 sqm in Sisjön, Gothenburg, from Alaska Fastigheter.