STOCKHOLM, 23 August 2018
Fastighets AB Regio (“Regio”) has acquired seven centrally located office and retail properties with a lettable area of approx. 70,000 square meters in central Jönköping. The underlying property value amounts to SEK 2,130 million.
Regio has entered into an unconditional share purchase agreement regarding the acquisition of Ekblads Cityfastigheter i Jönköping AB (“Ekblads Fastigheter”). The acquisition includes the properties Almen 6, Andelen 3, Ansvaret 2, Apeln 44, Apoteket 6, Asken 2 and Astern 11 in Jönköping with an underlying property value of SEK 2,130 million. The portfolio, comprising approx. 70,000 square meters, consists mainly of office and retail premises as well as residential, gym and hotel premises. Closing will occur on 3 September 2018.
The acquisition strengthens Regio’s role as the leading, long-term owner of office and retail properties ingrowing regional Swedish cities. With this addition, Regio has acquired office and retail properties amounting to more than SEK 7 billion since inception in 2015.
Eric Bergström, CEO Fastighets AB Regio and Partner Brunswick Real Estate, says:
“Jönköping is Sweden’s tenth largest city in terms of population and with its strong growth, both in terms of population and business activity, Jönköping fits perfectly into Regio’s strategy. The unique and well managed portfolio resonates with Regio’s business idea; focusing on long-term sustainable properties in strong locations. Ekblads Fastigheter has been a key player in the development of central Jönköping during the last 20 years and Regio looks forward to continue the journey.”
Asset management and property development of the portfolio will be carried out through Regio’s established model, the so-called LAMP model (Local Asset Management Partner). P&E Fastighetspartner AB (“P&E”), currently managing properties for Regio in several cities, has been mandated to manage and develop the portfolio. In connection with the acquisition, P&E will take over the existing organisation from Ekblads Fastigheter, thus establishing a local organisation with strong knowledge of the properties and Jönköping.
Kilpatrick Townsend, PropCon and PwC acted as advisors to Regio in connection with the acquisition.
For more information, please contact:
Eric Bergström, Partner Brunswick Real Estate
t: +46 8 545 075 05
Fastighets AB Regio (Regio) is a property company focusing on office and retail properties in growing regional cities. The objective is to create a property portfolio with stable long-term returns through active and local asset management. The company is majority-owned by the Third National Swedish Pension Fund and managed by Brunswick Real Estate.
The Third Swedish National Pension Fund (“AP3”) is one of five buffer funds within the Swedish public pension system. AP3’s buffer capital currently comprises 15% of the pension system’s assets.
Brunswick Real Estate is one of the Nordic region’s leading investors in the Nordic real estate market, with an offer including investment management through real estate investment and debt financing. The team comprises about 50 people in Stockholm, Helsinki and London.