Heimstaden acquires 772 residential units in the Netherlands
Heimstaden AB has acquired a Dutch residential portfolio consisting of 18 assets comprising of 772 residential units, 6 smaller commercial units and 25 parking units. The portfolio consists of 53,900 sqm lettable area in total. The seller is PATRIZIA AG. The agreed purchase price is EUR 97.4m and the transaction is carried out as an asset deal. The transaction will initially be financed through existing cash as well as liquidity from majority owner, Fredensborg AS, and subsequently mortgage financing will be taken out for a part of the purchase price. The acquisition is an obvious