SBB Sells Shares in JM for SEK 2.8 billion

Sweden Sweden — SBB has sold 19 million shares in JM to Swedish and international investors. The transaction represents approximately 29.5 percent of the outstanding shares and votes in JM and was priced at SEK 148.10 per share, resulting in a total purchase price of approximately SEK 2.8 billion. The price per share corresponds to the closing share price in JM on Nasdaq Stockholm on 11 May 2023.

Heimstaden, Magnolia and Derome Forms JV

Sweden Sweden — Heimstaden AB's subsidiary, Heimstaden Bostad AB has signed an agreement with Magnolia Bostad AB to jointly acquire land from Derome AB in Kungsbacka, Sweden. Together, the two companies will develop and construct approximately 1,600 apartments with a total area of​​ 100,000 sq.m., subject to regulatory approval. The project value upon completion is estimated to SEK 3.0 billion.

Regio Makes Large Gothenburg Acquisition

Sweden Sweden — The Brunswick company Region has acquired eleven properties with a total rentable area of ​​38,000 sqm in Sisjön, Gothenburg, from Alaska Fastigheter.

These are Sweden’s Top Real Estate Lawyers

Sweden Sweden — The annual international Legal 500-survey, where the top lawyers and law firms are judged by their clients, has now been conducted. These are Sweden’s best real estate lawyers, according to Legal 500.