Heimstaden Bostad AB has strengthened its presence in Denmark through a SEK 3.5 billion (€295 million/$346 million) acquisition of 1,473 homes in several attractive locations.
The portfolio consists of 34 properties, of which 18 are standing assets with 680 homes, including one commercial property. About 16 properties are under construction and are acquired in a forward-purchase structure with turnkey delivery within the next 24 months. The transaction is structured as multiple share deals and closes August 13.
The properties complement Heimstaden Bostad’s existing geographical footprint and operational platform with property- and facility-management capabilities across Denmark. The properties are located mainly in Jutland with two properties located on Funen.
“We are pleased to further strengthen our presence and exposure to strong Danish housing markets. This acquisition is a good fit with our strategy to expand our portfolio in and around growth cities
