When we founded Leimdörfer in 1992, our aim was to become the most skilled advisory firm on the Swedish property market. We leave it to others to decide whether we have been successful in reaching that goal.
2008
In 2008, Leimdörfer executed more than 30 property transactions with an aggregate value exceeding SEK 10 billion. Some key note transactions in Sweden included Diligentia’s SEK 2.3 billion sale of 163,000 m² residential property company ‘Täbyhus’ to Akelius, John Mattson Fastighets AB’s sale of 69,000 m² central Stockholm commercial portfolio in three separate tranches to KMN Förvaltning, AxFast and Bonnier Cityfastigheter and Nordic Real Estate Partners’ SEK 350 million sale of 14,000 m² retail property ‘Sisjö Entré’ in Gothenburg to DEFO.
In Finland, Leimdörfer was sole financial adviser to Etera’s and YIT’s sale of 20,000 m² logistics property ‘Koskelo Trade Park’ in Espoo to Hansainvest and Sponda’s €42 million sale of 10,000 m² ‘Sokos Hotel Helsinki’ in Helsinki CBD to Exilion Capital.
In addition, Leimdörfer advised EQT and Gambro in a SEK 1 billion pan-European sale leaseback transaction comprising two 78,000 m² production facilities in Hechingen, Germany and Lund, Sweden. Furthermore, Leimdörfer acted sole financial adviser and sole placement agent to property private equity firm White Peak in the raising of White Peak Real Estate I, its first fund targeting property investments in China. In October 2008, Leimdörfer received 8 #1 awards in the Euromoney real estate poll, including ‘Best Nordic Real Estate Investment Bank’, ‘Best Nordic Real Estate Adviser’ and ‘Best Nordic Transaction Execution Adviser’.
2007
In 2007, Leimdörfer executed about 50 property transactions with an aggregate value above SEK 25 billion. Some major Nordic transactions included Kuwait Finance House’s SEK 3.9 billion sale of 360,000 m² logistics portfolio with the Swedish Post as anchor tenant, Lehman Brothers’ and NEP Partners’ sale of 169,000 m² commercial portfolio in Stockholm and Malmö and Doughty Hanson’s sale of shopping centre ‘Iso Omena’ in HMA for €329 million.
2004-2006
In 2006, Leimdörfer executed property transactions valued over SEK 25 billion in aggregate and again executed the largest transaction of the year on the Swedish property market: Leimdörfer acted as sole financial adviser to publicly traded company LjungbergGruppen on the SEK 9.7 billion (property value) acquisition of the private retail property company Atrium Fastigheter AB. Leimdörfer acted as joint financial adviser to Bilia in the spin-off and distribution of its SEK 2.0 billion (property value) retail property portfolio in a transaction where the new property company, Catena, was introduced on the Stockholm Stock Exchange. Furthermore, Leimdörfer acted as sole financial adviser to Hufvudstaden on the SEK 2.6 billion divestment of the Stockholm landmark CBD office building World Trade Center, and to Blackstone in the SEK 1.9 billion divestment of its Swedish office property portfolio. Leimdörfer acted as sole financial adviser to GE Real Estate on the SEK 2.75 billion Swedish property portfolio divestment. In addition, Leimdörfer strengthened its operations in Finland through establishing an office in Helsinki.
In 2005, Leimdörfer executed property transactions valued over SEK 25 billion in aggregate. Leimdörfer acted as financial adviser to Lehman Brothers and Ratos on the SEK 9.5 billion (property value) divestment of the consortium’s stake in Tornet to publicly traded company Fabege – this was the largest property transaction in Sweden 2005. In addition, the divestment of Stockholm CBD property SalénHuset for an undisclosed value represented the largest single asset property transaction in Sweden in 2005.
In 2004, Leimdörfer advised Lehman Brothers and Ratos on the ongoing restructuring of Tornet’s property portfolio with divestments valued at over SEK 6 billion in aggregate. Furthermore, Leimdörfer acted as sole financial adviser to the Bonnier Group on the sale and leaseback of Stockholm landmark CBD office property DN-skrapan (the Dagens Nyheter high rise building).
2000-2003
In 2003, Leimdörfer architectured and acted as financial adviser to Lehman Brothers and Ratos on the acquisition of publicly traded Swedish property company Tornet. With a property portfolio valued over SEK 18 billion, the transaction was the largest property transaction in the world in 2003. Additionally, Leimdörfer initiated and co-founded Sveafastigheter, Sweden’s first property fund for institutional investors, together with Brunswick and Sveafastigheter’s senior management. For more information, please see www.svefastigheter.se.
In 2002, Leimdörfer acted as joint financial adviser to ABB on the SEK 3.0 billion sale and leaseback of the company’s Swedish property portfolio. In a similar sale and leaseback transaction in 2000, Leimdörfer acted as sole financial adviser to Ericsson on the SEK 5.1 billion sale of its Swedish properties. Additionally, Leimdörfer acted as financial adviser to Skandia on the takeover of publicly traded Diligentia, with a SEK 14 billion property portfolio and to AP Fastigheter on the takeover of publicly traded Diös with properties valued at approx. SEK 6 billion. In 2000, Leimdörfer became the first Nordic firm to offer property financing-related advisory.
1992-1999
In 1999, Leimdörfer acted as financial adviser on the public-to-private acquisition of Humlegården. In 1996, Leimdörfer’s first property research article was published along with the introduction of the proprietary research tool called the Company Overview. Leimdörfer’s Company Overview introduced a standard framework for publicly traded property company analysis and financial benchmarking.
In 1992, Peter Leimdörfer, Sten Westerberg, Lennart Bernhardtson and Lars-Erik Nyman co-founded Leimdörfer, formerly known as Leimdörfer Westerberg Bernhardtson & Partners.