Morris Law has once again assisted Estea Omsorgsfastigheter AB (publ). This time in connection with the acquisition of five public properties in Borås at an underlying property value of approx. SEK 221.5 million from Willhem AB (publ).
Estea AB's wholly owned subsidiary and alternative investment fund, Estea Omsorgsfastigheter AB (publ), has acquired five public properties in Borås at an underlying property value of approx. SEK 221.5 million from Willhem AB (publ). The closing was completed on 17 December 2020.
Estea Omsorgsfastigheter AB (publ) is an alternative investment fund with a strategy to own care and nursing properties, a segment characterized by fully or partially tax-financed tenants, long leases and a market demand with a low correlation to the economy.
Estea's CEO, Johan Eriksson, comments on the acquisition in fastighetsvärlden.se:
”The acquisition means that the fund's portfolio grows further with a long-term municipal tenant in an interesting region. The properties, which are mainly located in the city center, are judged to provide a predictable and stable cash flow, in combination with identified development potential.”
Morris Law's project group has mainly consisted of Racine Ashjari, Malin Grüneberger, Kevin St. Hill and Per Nylander.