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ARTICLES TAGGED WITH "Klövern"

Klövern and Citycon to Develop Globen Shopping

Sweden Sweden — Klövern and Citycon have signed a letter of intent for joint development of the shopping centre Globen Shopping, located just south of Stockholm's inner city.

Klövern Acquires in Kista and Divests in Lund and Ystad

Sweden Sweden — Klövern has sold four properties in Lund and 11 properties in Ystad, and has at the same time acquired a site leasehold in Kista.

Klövern Sells in Four Cities

Sweden Sweden — Klövern has sold four properties in Kristinehamn, Norrköping, Malmö and Norrköping for a total of EUR 12M.

Klövern and Castellum Makes Major Swap

Sweden Sweden — In a deal with Castellum, Klövern acquires nine properties in Mölndal and Partille, and divests all of Klövern's 14 properties in Borås. Transfer of possession will be on April 1st 2017.

SBB Makes Major Acquisitions

Sweden Sweden — SBB buys 16 properties in Säter and Karlskrona from Klövern. At the same time SBB acquires a portfolio from Borlänge municipalit. The combined transaction price is approximately SEK 1.6 billion (EUR 166M).

Klövern Acquires Properties from Castellum for EUR 94M

Sweden Sweden — Klövern acquires 21 properties in Malmö and 7 properties in Lund for MSEK 910 (EUR 94M). Of these in total 28 properties, 9 are site leaseholds. The property portfolio encompasses in total 114,000 sq.m. of lettable area, whereof Malmö accounts for 88,000 sq.m. and Lund 26,000 sq.m. The seller is Castellum.

Large Klövern Share Divestment

Sweden Sweden — Arvid Svensson Invest, who prior to this deal was the largest shareholder in Klövern, divests B shares for approximately MSEK 900 (€ 94M). The major shareholder and CEO Rutger Arnhult purchases some of them.

Klövern Acquires in Halmstad

Sweden Sweden — Klövern acquires the property Järnvägen 3 in Halmstad for SEK 142 million (€15M). On the property an office building with a lettable area of around 5,500 sqm is under construction.

Klövern Acquires in Central Stockholm for Nearly €37 M

Sweden Sweden — Klövern acquires the site leasehold to the property Orgelpipan 4 from Axfast. The acquisition is Klövern's first in the central part of Stockholm and comprises a development property which is intended to be developed into a modern office- and retail property. The purchase price is SEK 340 million (€36,53 M).

Klövern to Build Hotel in Västerås

Sweden Sweden — Klövern signs a 15-year lease with Nordic Choice Hotels in Västerås.

Klövern Signs a 20-year Lease With StayAt in Kista

Sweden Sweden — Klövern has signed a lease contract with StayAt HotelApart AB regarding an apartment hotel with around 170 rooms in Kista.

Mengus Sells for €130M in Stockholm

Sweden Sweden — Private Equity firm Mengus’ first fund (Mengus 2005) sells the office property kv. Aprikosen 2, by Mengus named Solna Gate. The property encompasses approximately 35,000 sqm leasable area and is sold to Klövern at a underlying value of approximately SEK 1,2 billion (€130M).

Klövern Purchases in Central Gothenburg

Sweden Sweden — Klövern purchases two office properties in two separate deals, in Majorna, Gothenburg for a total of MSEK 360 (€39M). This is the first time Klövern purchases in central Gothenburg.

Transaction volume in February: €1.2 billion

Nordic — The Nordic transaction market was moderate in February. 50 deals were made and the transaction volume reached €1.2 billion, according to Pangea Property Partner´s monthly report.