Swedish private property company Stendörren, represented by international real estate advisor Savills, has purchased five properties with over 1,500 apartments located in Husby in Stockholm's western outskirts from Swedish listed property company Wallenstam for SEK 875 million (approx. 98 million).
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The properties have been held by Wallenstam since 1996.
The properties have been held by Wallenstam since 1996 and have undergone refurbishment and development. A program for energy saving has been implemented including geothermal heating.
Ulf Nilsson, CEO of Savills Sweden, comments: "This is a significant purchase for the Swedish residential market and is a reflection of the current aggressive demand from investors looking to acquire quality residential products outside Stockholm city. The property offers great potential and will make a superb new addition to our client's expanding residential portfolio."
Source: Savills
Ulf Nilsson, CEO of Savills Sweden, comments: "This is a significant purchase for the Swedish residential market and is a reflection of the current aggressive demand from investors looking to acquire quality residential products outside Stockholm city. The property offers great potential and will make a superb new addition to our client's expanding residential portfolio."
Source: Savills
