Glitnir Property Holding completed the acquisition of a 91 percent stake in Sweden’s leading commercial real estate adviser Leimdörfer Holding AB this week, operating mainly in the Swedish and Finnish property markets.
From the left: Sven Dahlin, Per Erlandsson, Peter Leimdörfer (managing director) from Leimdörfer. Frank O. Reite (chairman of the board) from Glitnir. Lars Fasting, Oeystein Landvik and Knut Stokke from Glitnir Property Group.
After the transaction Glitnir Property Holding will be a leading adviser in the Nordic commercial real estate market with subsidiaries in Oslo, Stockholm and Helsinki.
Peter Leimdörfer will be the managing director of the new company and Frank O. Reite, executive vice president at Glitnir, will be the chairman of the board.
Glitnir Property Holding is owned by the Iceland-based Glitnir Bank (70 percent) and the former partners of UNION Gruppen, Union Eiendomskapital and Leimdörfer (30 percent).
The combined, pro forma transaction value of Glitnir Property Holding for 2006 was approximately EUR 5 billion (USD 7 billion).