case / 29 May 2019

Setterwalls has assisted Gladsheim Fastigheter in connection with the establishment, external financing and acquisition of 28 rental properties

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Setterwalls has assisted Gladsheim Fastigheter in connection with the establishment and external financing amounting to SEK 225 million over a two-year’ period as well as in connection with the acquisition of real estate based on an underlying property value of SEK 215 million.

The newly-established real estate company Gladsheim Fastigheter AB has entered into an agreement with the institutional asset managers Coeli Private Equity AB and Allba Holding AB in respect of investments in Gladsheim amounting to SEK 225 million over a two-year’ period and carried out its first acquisition of real estate in the form of residential properties with 325 apartments in Skara, Sweden, based on an underlying property value of SEK 215 million. Setterwalls has been legal adviser to the founders and Gladsheim throughout the start-up phase including in respect of structural matters and financing as well as in connection with the acquisition of real estate.

Gladsheim Fastigheter AB is a newly established real estate company with focus on management and improvement of rental housing in mid-sized Swedish cities and growth regions with good communications and in close connection to universities and regional capitals.

Gladsheim was founded by David Dahlgren (CEO) in 2018. David has previously been CEO of the listed company Amasten during which time he built up a property value of approximately SEK 3 billion with focus on mid-sized regions in Sweden. Fredrik Gynnerstedt (CFO) is co-founder with experience as CFO in several listed companies.

Setterwalls’ team consisted of Olof Reinholdsson and Willy Edholm Fjellstad (establishment and financing), Patric Olofsson, Beatrice Axelsson and Gustav Andersson (real estate acquisition).

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