TM & Partners has advised a joint venture company owned by Obos and JM in one of the largest development right transactions in Sweden this year
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JM AB and OBOS Kärnhem Bostadsproduktion AB have, through a 50/50 joint venture company, acquired a large property in Lund (Lyckebacken 5), which in a future detailed development plan will enable the de-velopment of a total of approximately 2,500 residential units including commercial premises. The purchase price amounts to a total of approximately SEK 725 million. The purchase is one of the largest development right transactions in Sweden this year.
OBOS Kärnhem is part of the OBOS Group, which is one of the Nordic region’s largest housing organiza-tions. Since its inception in 2003, OBOS Kärnhem has been active as a property and city developer, focusing mainly on new production of affordable quality housing.
TM & Partners provides a complete package of seamless advice across all aspects of a transaction, every-thing from routine M&A engagements to the most complex and transformational transactions. TM & Partners is one of Sweden’s leading business law firms that brings deep experience and specialist expertise on the full spectrum of transactions, representing a range of clients – public and private companies, investors, boards and financial advisors.
TM & Partners’ team consisted of Safa Mahmoudi (Partner), Catharina Danielsson (Senior Associate), Andreas Sahlstedt (Associate) and Oskar Warberg (Associate).
For further information, please contact:
Kristoffer Stråth, Managing Partner
+46-8-400 283 00