case / 03 Apr 2017
Setterwalls has assisted Steen & Ström in the sale of Emporia Office in Hyllie
On 28 December 2016 Steen & Ström entered into a sale and purchase agreement with Kungsleden regarding the sale of Emporia Office (located within Emporia in Hyllie).
The transaction was conditional upon, inter alia, the property Malmö Marknadsplatsen 1 completed a three-dimensional real property formation process, whereby Emporia Office would be separated from the shopping centre Emporia.
The cadastral procedure gained legal force on 1 March 2017 and Kungsleden completed the acquisition of the shares in the property owning company on 31 March 2017.
The gross leasable area of Emporia Office amounts to about 10,250 square meters.
Setterwalls has assisted Steen & Ström in the sale of shares in the real property owning company as well as at the complex three-dimensional real property formation process of Emporia Offices..