Gernandt & Danielsson advises Aermont Capital Real Estate Fund V SVSp (”Aermont”) in connection with its investment in a joint venture with ALM Equity AB (publ) (“ALM Equity”). The JV-company will be owned 60 per cent by Aermont and 40 per cent by ALM Equity and will at closing own a portfolio of residential properties (completed residential properties and properties under development) that ALM will acquire through the ongoing merger with Svenska Nyttobostäder AB (publ) (”Nyttobostäder”). Aermont acquires its share of the JV-company from ALM Equity for approximately SEK 1,9 billion based on a underlying property value of approximately SEK 8.4 billion.

The transaction is conditional upon the completion of the ongoing merger process between ALM Equity and Nyttobostäder, as well as approval from relevant lenders. The conditions are expected to be met during October 2024.

Gernandt & Danielssons advises Aermont with a team consisting of partners Corinne Ekman, Caroline Jägenstedt Wikman and Anna Eriksson, and senior associates Pierre Olsson and Sara Öhrlund, primarily assisted by partners Andreas Holmqvist (Labour law) and Foad Hoseinan (Competition law etc.), senior associates Mikael Nagy and Astrid Svensson and associates Alexander Thörnberg, Erik Karlsson, Samuel Gilljam, Sanna Pettersson, Sofia Hagelqvist, Edvin Andersson, Amanda Kull, Johan Tivéus Kronlund, Lovisa Swahn and David Carlson.