Regio has entered into an unconditional share purchase agreement regarding the acquisition of Ekblads Cityfastigheter. The acquisition includes the properties Almen 6, Andelen 3, Ansvaret 2, Apeln 44, Apoteket 6, Asken 2 and Astern 11 in Jönköping with an underlying property value of SEK 2,130 million. The portfolio, comprising approx. 70,000 square meters, consists mainly of office and retail premises as well as residential, gym and hotel premises. Closing will occur on 3 September 2018.

The acquisition strengthens Regio’s role as the leading, long-term owner of office and retail properties ingrowing regional Swedish cities. With this addition, Regio has acquired office and retail properties amounting to more than SEK 7 billion since inception in 2015.

“Jönköping is Sweden’s tenth largest city in terms of population and with its strong growth, both in terms of population and business activity, Jönköping fits perfectly into Regio’s strategy. The unique and well managed portfolio resonates with Regio’s business idea; focusing on long-term sustainable properties in strong locations. Ekblads Fastigheter has been a key player in the development of central Jönköping during the last 20 years and Regio looks forward to continue the journey,” says Eric Bergström, CEO Fastighets AB Regio and Partner Brunswick Real Estate.

Asset management and property development of the portfolio will be carried out through Regio’s established model, the so-called LAMP model (Local Asset Management Partner). P&E Fastighetspartner AB (“P&E”), currently managing properties for Regio in several cities, has been mandated to manage and develop the portfolio. In connection with the acquisition, P&E will take over the existing organisation from Ekblads Fastigheter, thus establishing a local organisation with strong knowledge of the properties and Jönköping.

Kilpatrick Townsend, PropCon and PwC acted as advisors to Regio in connection with the acquisition.