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MAGNUSSON ADVISES EUROPE’S FASTEST GROWING HOSTEL CHAIN ON EXPANSION IN SWEDEN

2015-10-22

Magnusson has been assisting Generator Hostels, Europe’s fastest growing hostel chain, during its expansion in Sweden.

The UK-based company Generator Hostels operates leading edge design hostels located in a number of Europe’s major cities (Barcelona, Berlin, Dublin, Hamburg, Copenhagen, London, Venice, Paris, Rome, and Amsterdam).

The hostel in Stockholm will open in 2016. Located close to the city centre at Torsgatan 10, it will be eleventh in the Generator Hostels’ European network. The lease contract concluded with Alecta includes 8,500 sq. m. and 250 rooms.

Generator is owned by a UK fund Patron Capital Partners which invests primarily in the European real estate market.

Magnusson’s team was led by Per Magnusson and Christian Johard as responsible partners, with the assistance of associates Mikaela Lamrin and Jing Xu, and tax partner Per Wiker. The work included drafting and negotiating lease agreements, advice on tax issues, as well as on various corporate matters.

 

For more information please contact: Per Magnusson, Senior Partner, +46 70 611 75 07, per.magnusson@magnussonlaw.com

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