June 15, 2015 - Assignment

Rikshem and Ikano acquire Telia property from RBS

Rikshem and Ikano Bostad have jointly acquired the property where Telia’s headquarters are located in Farsta, Sweden, from RBS Nordisk Renting. The premises comprise approximately 100,000 square metres. Rikshem and Ikano Bostad plan to develop up to 3,000 homes on the property, of which one third will be rental units. Closing of the transaction will take place on 1 July and the start of construction is planned for 2017-2018.

Rikshem AB (publ) is one of Sweden’s largest private real property companies and is owned by the Fourth Swedish National Pension Fund and AMF. Ikano Bostad owns, develops and builds both new condominiums and rental apartments in Stockholm, Mälardalen and the Öresund region. The company is owned by the Kamprad family.

Rikshem and Ikano were advised by Mannheimer Swartling in the transaction. The firm’s team primarily included Klas Wennström, Olle Källström and Anna Mindedal.