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Mandate Vinge advises KLP Eiendom in connection with the acquisition of the property designated as Klockan 1

August 24, 2011

Vinge has advised KLP Eiendom in connection with the acquisition of Klockan 1 from Diligentia. The real estate, which is located at the junction of Vasagatan and Kungsgatan in central Stockholm, has undergone extensive refurbishment and enlargement over the last couple of years and currently comprises the Scandic Grand Central Hotel which opens this autumn as well as two stores, approximately twenty residential apartments and the premises formerly occupied by the Vasa Theatre. The purchase price amounted to SEK 1072 million and subject to a contingent supplementary purchase price.

Vinge’s team consisted of partner Patrick Forslund and associate Anna Lindner.

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