Recent work | August 6, 2021

Roschier represents Castellum in the public offer for Kungsleden

Property company Castellum AB has announced a recommended public offer to the shareholders of Kungsleden Aktiebolag to acquire all shares in Kungsleden. The total value of the offer is approximately SEK 26.9 billion. Roschier represents Castellum in the transaction.

The offer consideration consists of a combination of shares in Castellum and cash. The board of directors of Kungsleden unanimously recommends the shareholders of Kungsleden to accept the offer. The acceptance period is expected to commence on or around 30 September 2021 and end on or around 29 October 2021.

Both Castellum and Kungsleden are listed on Nasdaq Stockholm, Large Cap. The new, combined company will have a property portfolio valued at approximately SEK 140 billion concentrated to the Nordics’ largest growth regions.

Kungsleden is a Swedish property company focusing on commercial properties in Swedish growth regions, with a property value of approximately SEK 43 billion.

Castellum is one of the largest listed property companies in the Nordics and develops flexible workplaces and smart logistics solutions with a property value of approximately SEK 97 billion. Castellum is active in Sweden, Denmark and Finland.

Roschier’s transactional team comprises Pontus Enquist, Tilda Rosengren, Erik Ellenius and Eric Karlsson. The advisory team also comprises Miikka Kujanpää, Richard Katzman, Emil Larsson, Veronica Stiller, Arvid Weimers, Sidar Långhavet, Marcus Lindström, Kristian Hugmark, Jacob Giesecke, Jenny Welander Wadström and Elin Osbeck Rehbinder.