17 March 2021

Gernandt & Danielsson advises in Point Properties’s issue of bonds and its redemption of existing bonds

Gernandt & Danielsson advises Point Properties Portfolio 1 AB (publ) (”Point Properties”) in its issue of senior secured bonds in an amount of SEK 600 million, issued within a total framework amount of SEK 800 million. Point Properties has undertaken to apply for admission to trading of the bonds at Nasdaq Stockholm's Corporate Bond List. Gernandt & Danielsson also advises in Point Properties’ ongoing redemption of its existing bonds in an amount of SEK 375 million.

Point Properties is a wholly owned subsidiary to Aktiebolaget Fastator AB (publ), an investment company focusing on investments within the real estate sector. Fastator's investment portfolio comprises real property owning entities, including entities conducting ancillary business such as property development, real estate management services and digitalisation in the real estate sector. Fastator's shares are traded on Nasdaq First North Stockholm. Point Properties works primarily with municipalities and other actors in community service, trade and housing, to develop city centers.

Gernandt & Danielsson has advised Point Properties with a team consisting of Partner Mikael Borg, Senior Associates Mikael Bolling and Rasmus Perdahl as well as Associate Simon Wetterholm. In addition, Pareto Securities have acted as financial advisors to Point Properties.