September 22, 2011 - Assignment

Diös acquires Norrvidden at a property value of SEK 5.8 billion

Skrindan, owned by Altor and Bure, has finalised the process of finding a long term owner of Norrvidden, the largest real estate company in Northern Sweden. The company owns approximately 220 real properties totalling approximately 840 000 sqm.

The acquisition is made through a share transaction and is based on a real property value of SEK 5.8 billion. The total real property value of Diös following the acquisition is estimated to SEK 11.1 billion and the rental income is calculated to increase from SEK 579 million to approximately SEK 1.3 billion. Completion will take place on 30 December 2011.

Skrindan was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Mattias Karlsson and Charlotta Wallman Hörlin.