LKAB acquires new hotel in Kiruna

Wigge & Partners has advised LKAB on the acquisition of a new hotel in Kiruna from Skanska.

The hotel will be constructed by Skanska and is expected to be completed during the autumn 2021. The hotel will be operated by Scandic Hotels who has signed a 20-year lease for the hotel building. The underlying property value is approximately SEK 500 million.