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Delphi advisor to Fortinova in connection with acquisition of properties

Delphi has acted as legal advisor to Fortinova Fastigheter in connection with the company acquiring five commercial properties in western Sweden for a total of SEK 299 million. The properties are located in Gothenburg, Kungsbacka and Trollhättan.

The properties were acquired through acquisitions of three companies and a real estate transaction. The underlying property value is SEK 299 million and the preliminary purchase price amounts to SEK 231 million. Fortinova will take over the properties on March 1, 2022.

Fortinova was founded in 2010 and is a growing real estate company that acquires, develops and manages mainly residential properties. Fortinova is located in Varberg and has a geographical focus on growth municipalities in western Sweden.

Delphi’s team consisted of Mercedes Lennartsson Anderås and Jessica Khoo.