Mandate Vinge advises Balticgruppen AB in connection with real estate transaction with Västerbottens-Kurirens AB

Vinge is advising Balticgruppen AB in connection with the formation of real estate company in Umeå which will be jointly owned with Västerbottens-Kurirens AB. The new company, Fastighetsbolaget Kuriren AB, will be a 50/50 joint venture between Balticgruppen AB and Västerbottens-Kurirens AB. Both Balticgruppen AB and Västerbottens-Kurirens AB will be selling properties to the jointly-owned company which will include Umedlasparken, Vita Husen, VK-Huset, Uminova Husen, Patienthotellet Björken and Vårdvetarhuset, all of which are situated in Umeå. In total, the new company will own properties with a total area of 130,000 sq.m. Completion will take place in January 2010. The properties will be managed by Balticgruppen Fastighet AB on behalf of Fastighetsbolaget Kuriren AB.

Vinge’s team advising Balticgruppen AB consists of partners Jan Widlund and Patrick Forslund together with, among others, associate Jenny Dangré. Tax advice is being provided by partner Lennart Larsson and associate Johan Norström.