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Delphi and MAQS in real estate transaction

Delphi has assisted Charter Invest BV, previously called Charter Real Estate BV, and its Swedish project company Swedish Commercial Development AB, in acquiring shares in the real estate company Fastighets AB Virsbo 2. The acquisition was made in the form of a joint venture together with RM Estate Projekt AB. RM Estate Projekt AB was assisted by MAQS Law Firm.

 

Charter Invest BV manages investment funds and since 2006 the company invests in commercial real estate primarily in the Netherlands and Sweden. Together with its Swedish cooperation partners and using Charter Invest’s competence, know-how and experience, Charter Invest BV has become a rapidly growing actor on the Swedish real estate market. RM Estate Projekt AB in its turn is a company within the RM Group which is active in real estate development and management services for property owners. RM is leading in real estate development of commercial properties in the Stockholm region.

Charter Invest BV and RM Estate Projekt AB have entered into a cooperation agreement under which RM Estate is charged with identifying, developing and selling commercial properties at the request of Swedish Commercial Development Fund, a real estate fund established by Charter Invest. The aim of the fund is to invest SEK 500 million in commercial properties in Sweden. The acquisition of Fastighets AB Virsbo 2 is the first investment made by the fund in Sweden.

Delphi’s team was led by Rolf Karlsson, partner of Delphi’s property group and Vilhelm Nyström, partner of Delphi’s M&A group. The team also consisted of Fredrik Jorstadius (M&A) and Matthias Johansson (property).

MAQS’ team was led by Christian Johard of MAQS’ property group in Stockholm. The rest of the team consisted of Victor Holmberg (property) and Ebba Backlund (corporate law).