Snellman has acted as legal counsel to ALFA Development in a joint venture (50/50) with Besqab, for the acquisition and subsequent development of six properties in Södra Hagalund in Solna. The project comprises building rights of approximately 34,000 sqm. gross floor area, representing approximately 400 new residential units. The project is part of the first new zoning plan in the area, located in direct connection with the new subway station under development. The acquisition was carried out through a share transaction from Humlegården Fastigheter, and the property value was approximately SEK 459 million.

Snellman’s team comprised Mikael Stabo, Angelica Berntsson and Linnéa Eriksson (Real Assets).