Brinova has acquired five properties in Bara Centrum, just outside Malmö, with an underlying property value of SEK 475m. The holding consists of residential apartments and community properties including a sports centre, library, public dental surgery, grocery store, etc. CBRE acted as sole broker for the transaction. Completion takes place on 30 September.
In parallel with the transaction, Brinova carried out a directed share issue of 4,837,614 class B shares, with the company raising approximately SEK 143 million before issue costs. Swedbank acted as sole bookrunner for the capital raising process.
Lindahl advised Brinova on both the acquisition and the share issue. Lindahl’s team consisted mainly of Johan Tollgerdt (Real Estate), Carl-Johan Krusell (Corporate Finance), Therese Norenäs (Tax), Andreas Lindh (Real Estate), Sanna Hanspers (Real Estate), Åsa Fahlén (Tax) Jesper Fredriksson (Real Estate), Pernilla Dahlberg (Real Estate) and Pontus Söderberg (Corporate Finance).
Brinova is a property company that develops and manages primarily residential and community properties in selected locations with good communications in southern Sweden. Brinova’s class B share is listed on Nasdaq Stockholm and is traded on the Small Cap list.