Press Release...

Lehman Brothers, NEP JV Buys Swedish Property Co Linco

published: 11 Jan 2006 10:54
Edited Press Release

STOCKHOLM (Dow Jones)--Lehman Brothers Real Estate Partners and NEP Partners Wednesday said a joint venture of the two companies has agreed to buy Swedish property company Linco Fastighets AB.

Linco is a privately held company which owns four office buildings totaling approximately 148,000 square meters in Stockholm.

No financial details were provided.

The greater Stockholm region is a key strategic investment area for NEP Partners and for Lehman Brothers, the two companies said.

The assets offer opportunities for further value enhancement through active asset management, strategic capital expenditure and leasing, the companies said.

Lehman Brothers Real Estate group is part of the private equity division of Lehman Brothers Inc. (LEH).

NEP Partners is a recently formed company jointly owned by Ed Williams and Torsten Bjerregaard, two former senior executives of Lehman Brothers. [ 11-01-06 1012GMT ]

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