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United States

SERNEKE Group AB (publ) (SRNKEb.ST)

SRNKEb.ST on Stockholm Stock Exchange

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Serneke Group: NREP buys 50 pct of project Karlastaden in Göteborg
Wednesday, 29 Jun 2016 01:30am EDT 

Serneke Group AB : NREP acquires, via Nordic Strategies Fund II, 50 percent of Serneke's project Karlastaden in Göteborg . Acquisition is done with expected total underlying building rights value of about 1.5 billion Swedish crowns ($176.55 million) . Serneke and nrep form joint venture .Estimated start of construction is scheduled for August 2017 and estimated project value is about 10 billion crowns over 5-6 years.  Full Article

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