European residential specialist Heimstaden Bostad has signed an agreement with government-backed Hemvist Bostadsfastigheter for the sale of 380 residential units in Sundbyberg through a share deal.
Hemvist Bostadsfastigheter is a fully owned subsidiary of Kåpan, the Swedish government employees pension fund, and the holder of Kåpan’s residential real estate investments.
The properties covered by the transaction were completed in 2023 and comprise 380 residential units totalling 18,515 m2 and an additional 1,605 m2 of commercial space.
The agreed property value amounts to SEK 1,160 mln (€100 mln).
The transaction will close in the first quarter of 2025.
