Heimstaden Bostad strengthens platform through acquisition of Danish residential portfolio
Heimstaden Bostad AB has today signed an agreement to acquire Niam AB’s Danish residential portfolio, branded and managed as HD Ejendomme A/S, one of Denmark’s leading residential real estate companies, for a total price of SEK 16.6 billion (DKK 12.1 billion), incl. SEK 946 million (DKK 690 million) in forward commitments.The portfolio consists of 6,237 residential units and 35 commercial properties geographically spread across Denmark. HD Ejendomme is a fully integrated operational platform, in a structure similar to Heimstaden, with comparable values and a customer-centred business model.