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Vinge advises GE Real Estate in connection with sale of real estate portfolio to, and investment in, real estate fund

January 13, 2009

Vinge has advised GE Real Estate Sweden AB in connection with the sale of a real estate portfolio consisting of approximately 30 properties to the newly started Roxanne Fastighetsfond.

The properties are situated in 15 municipalities in Sweden and comprise approximately 230,000 square metres of lettable space.

GE Real Estate has also invested in Roxanne Fastighetsfond. Other investors in the fund include Folksam Mutual Property Insurance Society (Sw. Folksam ömsesidig sakförsäkring), KPA Pensionsförsäkring AB (publ), Kåpan Pensions Insurance Society (Sw. Kåpan Pensioner Försäkringsförening), Vattenfall Pensions Foundation (Sw.Vattenfalls Pensionsstiftelse) and the Swedish Foundation for Strategic Research.

In connection with the transaction, Roxanne Fastighetsfond has also executed a management agreement with GE Real Estate concerning management of the company’s investments.

Vinge’s team consisted of partners Mattias Schömer, Rikard Stenberg and Stefan de Hevesy together with associates Petter Alberts, Sara Axelsson, Caroline Gebauer, Henrik Fritz and Johan Norström.

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