The property was acquired by Sagax in 2007 and has previously been used for industrial purposes but is since June 2020 covered by a new zoning plan according to which the property may be developed with housing, commercial premises and other public services.
The divestment is structured as a company transaction at an agreed property value of SEK 201 million. The purchase price is in line with the reported value as per 30 June 2021.
The transaction is conditional on Sagax entering into an implementation agreement with the Public Transport Administration. The condition is expected to be fulfilled during the third quarter of 2021, after which closing will take place.
Nordanö was the seller Sagax advisor in this acquisition.