Savills IM acquires six residential assets in Sweden in off-market deal

Savills Investment Management has agreed to pay €100 million ($110 million) for six residential assets in Sweden for its European Living platform. K2A Knaust & Andersson Fastigheter, a Swedish listed developer and property company, sold the assets in an off-market deal.

The portfolio is located in the university cities Uppsala, Västerås and Gävle. The buildings in Västerås and Gävle were built between 2019 and 2021 and consist of 359 apartments, and the buildings in Uppsala are currently being finalized and will consist of 216 apartments at completion. Savills IM said all of the buildings will have a strong ESG profile, which includes attributes such as solar panels, predominantly timber-framed buildings, carpools, bike locker rooms, sedum roofs, social common areas, affordable rents and garbage recycling systems, among other sustainable characteristics. All assets will have an environmental certification.

“This portfolio of assets clearly illustrates our