John Mattson has signed an agreement for the sale of the Fulufjallet 1 property in Alvik in Stockholm. The price is based on an underlying property value of €8.28m before deduction for latent tax, which is €0.37m above the property’s carrying amount as of the fourth quarter of 2023. The buyer is SEFAB Stockholms enskilda fastighetsägare AB.
Fulufjallet 1 comprises 27 apartments with a total lettable area of c. 1,600m2 that is exclusively housing.
“Our strategy includes continuously evaluating the composition of our property portfolio and making selective divestments with the aim of optimising the use of capital while concurrently strengthening the company’s capacity to manage higher interest rates,” said Per Nilsson, CEO of John Mattson.
The sale will take place via a corporate wrapper. The agreement is unconditional and John Mattson will transfer ownership of the property on 12 April 2024.
Wigge & Partners have acted as transaction advisors for the vendor.
Image source - Pexels.
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