Setterwalls legal advisor to Aberdeen Standard in SEK 1.2 billion real estate transaction

Setterwalls has assisted Aberdeen Standard Investment in the purchase of a residential portfolio from JM

Aberdeen Standard Investment acquires a real estate portfolio consisting of three residential properties totalling 376 apartments in Stockholm from JM with an underlying property value of approximately SEK 1,200,000,000. The transaction is executed by Aberdeen Standard Investment’s residential fund “Aberdeen Standard Pan European Residential Property Fund”. The acquired properties are the fully constructed properties Lidingö Tryckregulatorn 2 and Täby Spaken 1 with closing of the transaction during Q3 2019 and Sundbyberg Lådmakaren 4 with production start in Q2 2019 and estimated closing of the transaction after completion during Q2 2022.