November 9, 2011 - Assignment

Bovieran founders joined by Balder in ownership of Bovieran

The founders of Bovieran have been joined by Fastighets AB Balder in their ownership of Bovieran, a Swedish real property development company that develops and builds housing for senior citizens. The 50/50 ownership between Mellberg Förvaltning and Balder was achieved after a series of transactions that included Mellberg Förvaltning and Shamou Förvaltning selling Bovieran to Bovieran Holding and Balder joining Mellberg Förvaltning as a partner in Bovieran Holding.

A distinctive feature of the unique Bovieran building concept is a covered courtyard that creates a winter garden with a “Riviera” atmosphere. Bovieran currently has approximately twenty projects in development in Sweden and the company is in a strong growth phase.

Balder is a real estate company with a portfolio of properties valued at approximately SEK 16.5 billion. The company’s share is listed on NASDAQ OMX Stockholm.

Mellberg Förvaltning and Shamou Förvaltning were advised by Mannheimer Swartling in the transaction. The firm’s team was led by Johan Ljungberg, assisted by Emma Olnäs Fors, Hanne Aarsheim and Emelie Thor.