Klövern Makes Additional New York Acquisition

Peeter Kinnunen, acting CEO of Klövern.

Image: Klövern

Klövern Makes Additional New York Acquisition

Sweden — Klövern has acquired and taken possession of a property in Manhattan with the address 407 Park Avenue.

2021-05-04

The transaction’s underlying property value amounts to USD 30 million. The acquired property is located right next to Klövern’s planned future project on 417 Park Avenue which is developed in collaboration with the New York-based property developer GDSNY.

This add-on acquisition further improves the development opportunities for that project.

Anthon Näsström

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