Fabege acquires SHH Bostad AB
SHH is a real estate development company with a focus on residential and local authority properties. Fabege’s strategy of optimising the value of its residential development rights portfolio is thereby being reinforced by the company acquiring both expertise and more development rights in its home market of Stockholm. All the shares in SHH are being acquired for a purchase price of SEK 880m. As of 18 October, SHH will be a wholly owned subsidiary of Fabege.SHH was founded in 2010 and has since completed over 40 real estate projects, with approximately 2,100 homes. At mid-year 2021, SHH had