Walthon Advokater acted as legal advisor to Corem Property Group AB (publ) in connection with the divestment of a property portfolio of 30 properties to Onyx Sweden Holdco S.à r.l, a company controlled by Blackstone Group International Partners LLP. The transaction is made as a company sale with an underlying property value of SEK 4.2 billion before deduction of deferred tax. The properties consist of the majority of warehouses/logistics facilities and are located in 13 locations in Sweden. The objects have a total lettable area of approximately 500,000 square meters, an annual rental value of approximately SEK 309 million and an occupancy rate of 88 percent. The transfer is planned to be completed on 5 July 2019. The completion is, however, subject to the approval of the Swedish Competition Authority.
Walthon’s team consisted of Patrik Essehorn, Maria Norrman, Michelle Hessius, Erika Samuelsson and Anna Magnusson.