Serneke evaluates existing bond financing
On December 17, 2020, Serneke Group AB (“Serneke” or the “Company”) announced that it had secured the financing for Karlatornet, which will be the Nordic region’s tallest skyscraper, in a transaction with Fastighets AB Balder ("Balder") and a construction credit facility of approximately SEK 3 billion. In addition, Serneke has entered into a contract for the remaining project development and contract work at a fixed price of approximately SEK 3.2 billion. Occupation of Karlatornet is estimated to begin during the second half of 2023 and at completion Serneke will have received its invested