Mandate

Vinge has advised in connection with the entry into force of the detailed development plan for phase 1 of the Västerport district in Varberg

February 01, 2024 Real Estate and Construction

On 31 January 2024, the detailed development plan for phase 1 of the Västerport district in Varberg entered into force. The Swedish Land and Environment Court of Appeal has amended the judgment of the Swedish Land and Environment Court and upheld Varberg Municipality's decision to adopt the detailed development plan. The judgment may not be appealed.

The planning area is located in central Varberg, approximately 300 metres northwest of Varberg Square. Varberg is planning to develop a new, attractive neighbourhood that connects the town with the sea. The plan area has previously been a harbour. The relocation of the ferry port and industrial harbour together with the new railway solution in Varberg creates a large space for urban development in a central location. This detailed development plan constitutes the first stage of the new Västerport district.

 

The detailed development plan enables the construction of new blocks for residential properties and centre functions. In total, the plan allows for the construction of approximately 500 new homes with an average height of 5 floors, business premises for town centre purposes, a preschool, a car park and a visitor facility on the pier. In addition, a hotel with approximately 250 rooms, with a maximum of 14 floors, will be made possible. 

 

The Swedish Land and Environment Court set aside the detailed development plan for both formal and substantive reasons, including that the detailed development plan would cause significant damage to the national interest for the cultural environment in Varberg. Following an exchange of submissions and a review, the Swedish Land and Environment Court of Appeal delivered its judgment, which thus amends the Swedish Land and Environment Court's judgment and confirms the detailed development plan. The Swedish Land and Environment Court of Appeal is of the opinion that the detailed development plan does not lead to so-called significant damage to the national interest. The detailed development plan has thus gained legal force. 

 

Vinge advised Varberg Municipality in the Swedish Land and Environment Court of Appeal.

 

Vinge's team primarily consisted of advokat Robert Deli and advokat Hampus Wahlberg.

Related

Vinge has advised Pareto Securities in connection with a rights issue in Episurf Medical

Vinge has advised Pareto Securities in connection with a partially secured rights issue of units of up to approximately SEK 120 million in Episurf Medical.
April 24, 2024

Vinge has advised Embracer Group in connection with a EUR 900 million bridge facility agreement entered into with JP Morgan, BNP Paribas, SEB, Société Générale and Swedbank

Vinge has advised Embracer Group AB (publ) (“Embracer”) and its subsidiary group Asmodee in connection with the entry into of a EUR 900,000,000 financing agreement with JP Morgan, BNP Paribas, SEB, Société Générale and Swedbank and concurrent prepayment of existing Embracer indebtedness.
April 22, 2024

Vinge advises Trianon in connection with directed share issue and tender offer for subordinated sustainable capital securities

Vinge advises Fastighets Aktiebolaget Trianon (publ) in connection with a directed share issue of SEK 184 million and a tender offer for outstanding subordinated perpetual floating rate callable sustainable capital securities.
April 19, 2024