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Mandates | 2022-07-08

TM & Partners has assisted a joint venture company owned by Obos and JM in one of the largest development right transactions in Sweden this year

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 development 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.

For more information, please see here, here and here.

TM & Partners’ team consisted of Safa Mahmoudi (Partner), Catharina Danielsson (Senior Associate), Andreas Sahlstedt (Associate) and Oskar Warberg (Associate).