Cirio legal advisor to Savana Holding AB in new collaboration with SBB

Cirio legal advisor to Savana Holding AB in new collaboration with SBB for the development of 409 apartments in Haninge, Stockholm

Cirio acted for Savana Holding AB (“Savana”) in new collaboration with Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) for the production of housing in Brandbergen, Haninge Municipality.

In total, the project comprises 409 apartments, an investment of approximately SEK 800m. Savana will focus on selling 137 apartments as condominiums. The condominiums are estimated to generate a profit of approximately SEK 50m for each party. SBB will be the long-term owner of 272 rental apartments. The tenancies will be taken over upon completion, which is expected to take place during the first quarter of 2022 and the fourth quarter of 2022.

Cirio´s team consisted of Johan Hessius, Joel Sandin Persson and Joakim Blecher.

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