Press Release...
Press Release
07.08.06 1300 GMT
LEHMAN BROTHERS REAL ESTATE PARTNERS AND NEP PARTNERS ACQUIRE SYDSVENSKAN-HUSET IN MALMÖ
London, 7 August 2006 - A joint venture of Lehman Brothers Real Estate Partners (“LBREP”) and NEP Partners (“NEP”) today announces the purchase of the company KB Tidningshuset i Malmö from Sydsvenska Dagbladets AB which owns the Sydsvenskan-huset building in Malmö. Sydsvenskan-huset is a landmark 21,000 square meter office building and the headquarters for Sydsvenska Dagbladets AB.
LBREP and NEP commented, “We are delighted to have concluded this investment and look forward to a strong relationship with Sydsvenska Dagbladets AB in the future. This investment is the second investment in the recently established joint venture between LBREP and NEP which purchased Linco Fastighets AB in Sweden (owns approximately 148,000 square meters of office space in greater Stockholm) in January this year. This investment is a natural extension to the Linco investment and will be managed by the same team and the joint venture is in line with the way LBREP is working together with strategic and professional partners like NEP”
Leimdörfer Fastighetsmarknad AB advised Sydsvenska Dagbladets AB on the transaction.
For further information about the transaction please contact:
Lehman Brothers
Corporate Communications
Tel: +44 207 102 1471
NEP Partners
Ed Williams / Torsten Bjerregaard
Tel: +44 207 495 9020
Lehman Brothers Real Estate group is part of the Private Equity Division of Lehman Brothers Inc., member SIPC. Lehman Brothers has a long history in private equity investing with total assets under management of more than $10 billion. The Private Equity Division leverages the breadth and depth of Lehman Brothers' global presence and expertise across a wide range of products, industries, and geographies. Lehman Brothers creates and raises funds and invests in asset classes where the firm has strong capabilities, proprietary deal flow, and an excellent reputation, offering attractive investment opportunities to its institutional and individual investing clients. Currently, more than 200 professionals cover five core asset classes: Private Funds Investments, Merchant Banking, Venture Capital, Real Estate and Fixed Income-Related Funds.
Lehman Brothers Real Estate Private Equity currently includes Lehman Brothers Real Estate Partners I and II (LBREP) and Lehman Brothers Real Estate Mezzanine Partners (LBREM). These global real estate funds make direct private equity and mezzanine investments in properties, real estate companies and service businesses ancillary to the real estate industry. LBREP and LBREM are an extension of Lehman Brothers ' real estate business, which has a long and successful track record of advising, underwriting, lending and investing. Over $100 billion of real estate transactions have been completed over the past three years.
Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. For further information about Lehman Brothers’ services, products and recruitment opportunities, visit our Web site at www.lehman.com.
NEP Partners is a company jointly owned by Ed Williams and Torsten Bjerregaard, two former senior executives of Lehman Brothers. NEP Partners’ primary business strategy is to invest in real estate in Northern Europe, and in particular the Scandinavian and UK markets.