Swedish real estate platform Resinova Bostad has acquired four properties in Växjö, Sweden, from public company K2A for SEK 650 mln (€57.2 mln).
The purchase price accounts for an average yield of 4.1% and 100% on the book value of these properties as of 31 December 2022.
The closing of the transaction has been set for 30 June 2023.
The properties in Växjö have a combined lettable area of 17,960 m2, consisting of 261 rental apartments with a rental value of SEK 32.8 mln (€2.9 mln).
Colliers was K2A's financial advisor during the process.
André Lundberg, head of capital markets & partner at Colliers, said: ‘This deal confirms the high value of quality homes that K2A holds and is a very good example that demonstrates the market's continued interest.’
Johan Knaust, CEO of K2A, added: ‘This is K2A's second major sale in a short time at attractive levels, which strengthens the image of K2A owning attractive, high-quality assets.’
Henrik Jussi-Pekka, CEO of Möller & Partners and co-founder of Resinova, commented: ‘We are delighted to have acquired high quality housing in an excellent location in the centre of Växjö. Location, quality and environmental certification have been key factors for us in this transaction.’
Advokatfirma Lindahl KB acted as legal advisor to K2A, while Kilpatrick Townsend & Stockton Advokat KB legally advised Resinova.
The deal comes just a week after K2A announced the sale of six properties in Västerås, Gävle and Uppsala for SEK 1.1 bn (€96.9 mln).
