SIMPLIFYING MATTERS

x
Info career

info centre

MAGNUSSON FINALISES ONE OF SWEDEN'S LARGEST REAL ESTATE LAWSUITS

2019-05-03

The case concerned the termination of a site leasehold right concerning Berg's oil port located in Nacka. Oil depot activities have been conducted on the property since 1959. Nacka municipality has during the last twenty years planned to create a denser and more mixed urban development on western Sickla island, where the property is located.

The plan includes, inter alia, the construction of 13 500 homes. Magnusson has assisted the municipality since 2014.

After many years of negotiation, the municipality and Circle K have concluded an agreement that ensures both Nacka's ambitions to build housing and Circle K's ability to secure Mälardalen's supply of liquid fuel.

The agreement dictates that Circle K's site leasehold right expires on December 31, 2018, and is replaced by a lease agreement. The lease agreement entails that Circle K will be operating on Berg's fuel depot until December 31, 2036. However, during the last three years, the business will be focused on settlement and restoration of the property.

The case has mainly been handled by Mårten Tagaeus and Erik Svedlund at Magnusson's Gothenburg office.

Other News

  • MARTIN HIRVOJA AS AN EXPERT SPEAKER AT THE ST. PETERSBURG INTERNATIONAL LEGAL FORUM

    Martin Hirvoja, attorney-at-law from Magnusson Tallinn Office, participated as an expert on the panel on How to Make Government Oversight Amiable yet Effective: Presentation of a New Draft Bill on State Control and Supervision of Russian Federation.

    read more
  • MAGNUSSON WARSAW ADVISES VASTINT ON SALE OF THREE OFFICE BUILDINGS IN WROCŁAW

    Magnusson Warsaw represented Vastint Poland in the process of selling three office buildings being a part of Business Garden Wrocław. The property was purchased by the Philippine fund ISOC Group.

    read more
  • MAGNUSSON WINS IN SWEDEN’S ENVIRONMENTAL COURT

    Magnusson has successfully represented Varbergs Bostadsaktiebolag in the Environmental Court in a case concerning exemption from the prohibitions in the biotope protection provisions in the Environmental Code.

    read more
  • MAGNUSSON ADVISED MAGNUS MINERALS LTD. WITH OPTION AGREEMENT CONCERNING THE AKANVAARA PROJECT LOCATED IN NORTHERN FINLAND

    Magnusson provides legal advice on corporate, environmental and mining law matters to Magnus Minerals Ltd., a private Finnish prospect generator company focused on mineral exploration.

    read more
more NEWS