Heimstaden Bostad AB assumes ownership of properties in Denmark and Sweden from its parent company Heimstaden AB
Heimstaden Bostad AB (publ) (“Heimstaden Bostad”) announces the take-over of residential properties in Denmark and Sweden, through acquisition of shares, from its parent company Heimstaden AB (publ) (“Heimstaden”) (the “Take-over”). The Take-over relates partly to investment properties corresponding to a property value of SEK 4,797 million and partly to ongoing or future projects whose underlying property value amounts to SEK 11,450 million (at completion). As of 31 December 2018, the book value of the investment properties covered by the Take-over in Heimstaden amounted to SEK 2,680