Fabege has transferred a property in Östermalm to joint-owned housing development company. As announced earlier, Fabege and Oscar Properties Invest have formed the joint venture for the development of tenant-owner flats in Stockholm.
Fabege has transferred a property in Östermalm to joint-owned housing development company. As announced earlier, Fabege and Oscar Properties Invest have formed the joint venture for the development of tenant-owner flats in Stockholm.
The jv company will acquire properties for new builds or conversion of existing buildings into residential units, which will then be transferred to tenant-owner associations.
Fabege has transferred the Guldfisken 18 property to the development company with takeover on 1 November 2010. The purchase price is SEK 215 mln (EUR 23 mln), corresponding to the most recent market valuation.
