Heimstaden Bostad grows with increased financial strength
Heimstaden Bostad AB strengthen its equity base with a total of 9.5 billion SEK through a private placement towards the main owners Heimstaden AB and Alecta. Simultaneously, the company acquires 10,447 residential- and 83 commercial units, corresponding to 866,171 sqm in the Netherlands with a property value of 18 billion SEK from Heimstaden AB. The acquisition is financed with bank loans and part of the new equity issue and will be finalised today. Following this transaction Heimstaden Bostad owns 51,755 residential units with a market value of 108 bn SEK and annualised rental income