Heimstaden Bostad acquires residential portfolio and establishes operations in Berlin
Heimstaden AB’s subsidiary, Heimstaden Bostad, today announces that it has signed a purchase agreement for the acquisition of 130 properties comprising a total of 3,902 residential units, 208 commercial units and 321 parking spaces in Berlin, Germany – a total of 282,000 square meters of lettable area. Agreed purchase price is approximately EUR 830 million, which will be financed with debt and equity. Leverage will be kept in line with Heimstaden Bostad’s financial policy and in support of its current rating and path to a higher rating. The transaction is expected to close in the