Heimstaden Bostad enters Poland with the acquisition of two build-to-rent projects
Heimstaden Bostad AB announces the acquisition of two build-to-rent projects in Warsaw, Poland, from the French developer and contractor, Eiffage, which also will act as the general contractor.The acquisition comprises attractive properties located in two established but fast-growing areas of Warsaw; Praga Północ and Sluzewiec. It will include approximately 640 residential units (24,363 sqm) with additional commercial units (2,117 sqm) and parking spaces. The agreed purchase price amounts to approximately EUR 65 million, which will be financed using existing funds, and total annual gross