Moll Wendén has advised MKB Fastighets AB in an acquisition from Jernhusen of a real estate company owning a large property in eastern Malmö. On 28th October 2022 MKB transferred the real estate company to a holding company jointly owned by HSB, Hub Park and MKB.
Moll Wendén has acted as legal advisor to MKB in an acquisition from Jernhusen of a real estate company owning a property of approximately 72 000 square meters located close to Värnhemstorget and Östervärn station in Malmö.
On 28th October 2022 representatives of MKB, HSB and Hub Park gathered at Moll Wendén’s office on Stortorget in Malmö to finalise and execute MKB’s transfer of the acquired real estate company to a holding company jointly owned by the parties. The jointly owned holding company aims to develop, evolve and manage the future urban district of Nya Ellstorp. The urban district will form a central and multi-faceted hub consisting of a pre-school, school, shops, market square, leasehold estates, condominiums, parks, mobility hubs and much more. Through the project approximately 1 800 people will be provided new housing.
For almost three years, MKB, HSB, and Hub Park have been working on developing a zoning plan for the area. During this time, Moll Wendén has recurringly advised MKB.
As a result of the executed closing of the transaction, almost three years of preparatory work comes to an end. Consequently, the design and the construction of the new district can now begin.
Stefan Wendén (responsible managing partner), Christer Nylander, Andrea Gicic and Lowe Lossing from Moll Wendén have advised MKB throughout the project.
For more information, please see MKB’s press release here (in Swedish).