Madison has acquired a 50 % stake in High Street Shopping (HSS)
HSS was founded in 2011, and acquired Steen & Strøm Magasin (kongens gate 23, 27 and 29) as well as the property Karl Johans gate 16.
The owner of the remaining 50 % of the shares in HSS is Promenaden Property AS. In 2013, Madison acquired a 30 per cent stake in Promenaden Property AS, with Søylen holding the rest.
Promenaden Property owns several properties in the heart of Oslo's premier shopping district, where fashion house Eger and its 50 per cent stake in HSS (Steen & Strøm) are the most well-known.
Wikborg Rein has assisted Madison in the purchase of the 50 % of the shares in HSS.
Wikborg Rein´s team has consisted of among others doctor juris Line Ravlo-Losvik (partner in charge) in cooperation with partner Gøran Mjelde Aarvik.
The transaction is further described in several Norwegian and international newspapers and internet sites:
For links in Norwegian see here