Sweden — In connection with Doxa's review of the management structure within Serneke Invest, the company announces that Ola Serneke will leave his operational role as CEO. This change is a direct consequence of the ongoing separation of Serneke's contracting and project development operations, which has initially concentrated on making the contracting company independent. The next step in this process focuses on optimizing the collaboration between Doxa and Serneke Invest to create increased value and efficiency. With Ola Serneke's planned entry into Doxa's board at the end of April, Doxa and Serneke choose to implement this natural change before Ola Serneke's transition to board work.

Sweden — Balder buys a hotel building in Karlatornet and sells building rights in Barkarby to Serneke.

Sweden — Serneke and Balder sell approximately 151,000 square meters of building rights in Karlastaden to Gothenburg's public property group AB Framtiden. The deal consists partly of two blocks that are transferred to 100 percent, and partly of four blocks that are transferred to 74 percent, with Serneke and Balder as continuing co-owners of 26 percent. The purchase price amounts to approximately SEK 1 billion and also includes a unilateral option to buy back the building rights in the four part-owned blocks no later than September 2027. The deal is expected to have a neutral profit effect for Doxa.

Sweden — Serneke sells its holding in the sports complex Prioritet Serneke Arena in Gothenburg and the auto retailer 7H Bil AB in Kinna to a company owned by Ola Serneke. Sales are part of restructuring and refining Serneke.

Sweden — K-Fastigheter has acquired yet another building right in Gothenburg. The building right is for approximately 124 rental apartments. The acquisition is made from a company within the Serneke Group.

Sweden — Doxa has made an offer for all the series B shares in Serneke. The board of directors of Serneke unanimously recommends the shareholders of Serneke to accept the public offer made by Doxa.

Sweden — After reaching 193 meters, Balder and Serneke's Karlatornet in Gothenburg, which is still under construction, is now the tallest building in Scandinavia.

Sweden — Fastighets AB Balder and Serneke are establishing another joint venture development company to continue the collaboration in Karlastaden, Gothenburg. This time, the joint venture companies will develop the Aries block in Karlastaden involving approximately 190 apartments.

Sweden — Following discussions with the Board of Directors of Serneke Group, Ola Serneke has decided to step down from the role of President and CEO of Serneke Group. He will also be leaving his position as a member of the company's Board of Directors. In his role as President of Serneke Invest, Ola Serneke will retain responsibility for the company's major urban development projects.

Sweden — Balder is acquiring 50 per cent of the shares in Karlatornet AB, becomes a shareholder in Serneke Group and has agreed on the acquisition of almost 1,400 rental apartments and just over 12,000 sqm of commercial premises.

Sweden — Trading in Serneke's share was stopped on Wednesday afternoon, this after CEO Ola Serneke said at a webcast student seminar that a partner was ready in Karlatornet.

Sweden — Completion of Serneke's sale of Karlatornet to Oaktree Capital Management, which was due to happen within days, is being postponed. The reason is the uncertain situation in the global financial market caused by the corona pandemic. Consequently, Serneke will minimalize all activities in the construction of the tallest house in the Nordic region.

Sweden — Serneke has reached an agreement-in-principle with Oaktree Capital Management to divest 80 percent of Karlatornet, situated on the Karlastaden estate in the Lindholmen area of Gothenburg. Serneke will remain as a shareholder in Karlatornet and continue to act as main contractor for the construction of the tallest building in the Nordic region.

Sweden — Serneke Group has announced its intention to launch an initial public offering and list its shares on Nasdaq Stockholm.