Press releases 2 July 2018

Wistrand advises in connection with the expanded cooperation between SBB and K2A with housing developments in Uppsala and Västerås

Wistrand has assisted Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) in connection with the expanded cooperation between SBB and K2A Knaust & Andersson Fastigheter AB (K2A) to include development of residential building rights in Uppsala and Västerås.

SBB and K2A have a joint venture for the development of a retirement home in Falun. The joint venture is equally owned by SBB and K2A, and the cooperation is now expanded with two project properties located in Uppsala and Västerås as SBB sells the properties to the joint venture. The purchase price is based on an underlying property value of SEK 150 million. The properties are fully rented to tenants within food, fitness and other commercial business activities.

The properties are located in the western part of Uppsala (Flogsta 22: 3) and in the center of Västerås (Ångpannan 12). The joint venture will manage planning for developing residential building rights and zooning plans for the two areas are contemplated to be established during 2021/2022. 

For further information:
Fredrik Råsberg, Managing Partner
D: +46 8 50 72 00 47
M: +46 709 50 72 47
E: fredrik.rasberg@wistrand.se