Morris Law acted as legal advisor in the divestment of Wackes to IDÉ Group AS
Morris Law has acted as legal advisor to the owner of Wackes AB and Wackes AS in connection with its divestment of the shares in Wackes AB and Wackes AS to IDÈ Group AS.
Published
24/03/2025
Huseriet and Rikshem have through a joint venture entity signed agreements for the construction of approximately 700 residential apartments together with commercial premises in the new district of Västerbro in Lund. The project constitutes the second phase of a vast construction of new properties in Västerbro.
Huseriet and Rikshem have through a joint venture entity signed agreements for the construction of approximately 700 residential apartments together with commercial premises in the new district of Västerbro in Lund. The project constitutes the second phase of a vast construction of new properties in Västerbro.
Morris Law has assisted Huseriet in connection with the signing of consultancy- and turn-key construction agreements for the project. The employer is Huseriet Riks AB, a joint venture entity between Huseriet and Rikshem. The project is expected to enable the development of approximately 45,000 square meters of residential apartment areas, 1,100 square meters of area for commercial activities and parking garage and is part of the joint goal to develop properties that, upon completion, will be acquired and managed by Rikshem. Construction on site is planned to commence in Q1, 2026.
In 2023, Huseriet and Rikshem began the construction of the first phase of housing in the district, with planned occupancy in the winter of 2025/2026. The two phases mean that over 1 000 residential apartments will be built.
Huseriet is a company with the sole intention to find, acquire, and develop properties with a focus on housing between Stockholm and Ystad.
More information may be found here.
Morris Law’s project team primarily consisted of Christoffer Nystedt, Simon Borell and Hugo Ohlsson.
Morris Law has acted as legal advisor to the owner of Wackes AB and Wackes AS in connection with its divestment of the shares in Wackes AB and Wackes AS to IDÈ Group AS.
Morris Law has acted as legal advisor to Åhléns Group in connection with the company’s successful issuance of senior secured bonds in the amount of SEK 500 million, under a framework of up to SEK 1 billion. The bonds have a tenure of three and a half years and carry interest at STIBOR 3 months plus 5 percent per annum.
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