Hannes Snellman Counsel to Byggma ASA in Sale and Leaseback Transaction
3 October 2022
Hannes Snellman acted as counsel to Byggma ASA in its indirect sale of two industrial properties located in Norway and Sweden, respectively. The total agreed gross property value is approximately EUR 22,000,000. The buyer is Vika Oppstart 100 AS, an entity managed by Vika Project Finance AS.
The Swedish industrial property is owned by Masonite Fastighet AB and located in Nordmaling municipality, where Byggma ASA’s subsidiary Masonite Beams AB manufactures I-Joists. The transaction is structured as a sale and leaseback, through which a long term lease agreement between the landlord Masonite Fastighet AB and the tenant Masonite Beams AB will be entered into on the closing date.
Our core team comprised Mikael Stabo and Abiram Soma.