April 4, 2012 - Assignment

Nordea signs Stockholm property development project with Pembroke

Nordea has entered into an agreement with Pembroke Real Estate concerning the development of properties located in Stockholm’s central business district (CBD). Nordea will continue as the dominant tenant of the properties. The new building is expected to be completed no later than 2016 and the new development and the lease agreement are conditioned on requisite regulatory approvals being obtained.

Nordea is the largest financial services group in the Nordic and Baltic region. The Nordea share is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Helsinki and Copenhagen.

Nordea has been advised by Mannheimer Swartling in the matter. The firm’s team includes André Andersson, Tomas Johansson, Klas Wennström, Olle Källström, Raoul Mehta and Mikael Laag.