Catella Corporate Finance has advised Sveafastigheter in the divestment of a portfolio of residential properties in Sundsvall.
Sveafastigheter Sverige I ('Sveafastigheter') has entered into an agreement with HSB Mitt regarding the sale of a portfolio of residential properties.
The portfolio constitutes a well managed portfolio of residential properties in Sundsvall. In total the portfolio comprises 937 apartments in 21 properties located in six districts. The rentable area amounts to approximately 65,000 m². The properties are disposed based on an underlying property value of SEK 277 million (approx. 33.5 million). The buyer HSB Mitt will come into possession of the properties on August 31.
"Just over eight years following our first acquisition it is gratifying to be able to hand over a well managed portfolio of residential properties to a demanding buyer like HSB. Following this successful exit only three assets remain in the first fund," says Simon de Château, CEO Sveafastigheter.
Catella Corporate Finance was financial advisor and Kilpatrick Townsend was legal advisor to Sveafastigheter in this transaction.