June 21, 2010 - Assignment

Union Investment acquires property from Fabege

Union Investment Real Estate GmbH has acquired commercial property in Sweden from Fabege. The property, Päronet 8, was acquired for SEK 555 million and is located in the municipality of Solna.

Union Investment is an international investment company specializing in open-ended real estate funds for private and institutional investors. Union Investment has assets under management of EUR19 billion in six real estate funds. Established in 1965, Hamburg-based Union Investment Real Estate GmbH is the specialist for private real estate investment within the Union Investment Group.

Union Investment GmbH was advised by Mannheimer Swartling on the transaction. The firm’s team was led by Tomas Johansson, primarily assisted by Jennie Knutsson and Sigrid Rohdén. Martin Nilsson and Henrik Wiebe provided tax advice in connection with the transaction.