The bankrupt estate of Oscar Engelbert's former company Parkgate will sell an uncompleted office project in Stockholm to Mengus.
Image: Nicklas Tollesson
Well-known player to acquire office project from Parkgate's bankrupt estate
Sweden —
The Development Board decides to allocate land for office purposes in Hammarby Sjöstad to the bankruptcy estate belonging to Oscar Engelbert's former company Parkgate. The project involves the current building on the site being expanded with approximately 6,800 square meters of additional office space, an addition that was started before the bankruptcy but was not completed. However, the bankruptcy estate will not retain the project, as the completion will be carried out by another well-known player. Nordic Property News reveals more.
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