Wästbygg Group Divests Project Portfolio to Klövern
Deal News | Jul 07, 2025 | Setterwalls
Setterwalls advised Wästbygg Group on the divestment of a significant project development portfolio to Klövern. This portfolio includes land allocations and properties totaling 1,400 apartments, alongside construction contracts for five of the projects. This transaction reflects Wästbygg Group's strategic objectives, underlining its focus on residential, commercial, and community service properties development. Klövern, the acquiring party, is a company dedicated to developing sustainable housing, both for sale and for their own management.
Sectors
- Real Estate
- Construction
- Legal Advisory
Geography
- Sweden – Both Wästbygg Group and Klövern are based in Sweden, indicating the deal and involved parties are located there.
Industry
- Real Estate – The article involves a transaction related to project development portfolios and property construction between two real estate companies.
- Construction – Wästbygg Group is involved in construction and development of residential and commercial properties, reflected in this divestment deal.
- Legal Advisory – The law firm Setterwalls acted as a legal advisor in the transaction.
Financials
- 1,400 apartments – The size of the project development portfolio being divested, including land allocations and properties.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wästbygg Group | Seller | Company | A listed construction and project development company engaged in the development of residential, commercial, and community service properties. |
| Klövern | Buyer | Company | A housing and development company focused on sustainable housing for sale and management. |
| Setterwalls | Legal Advisor | Company | A law firm that advised Wästbygg Group on the divestment transaction. |