Heimstaden Bostad Acquires New Build-to-Rent Projects in Warsaw, Poland
Heimstaden Bostad AB announces its second acquisition in Poland, consisting of three build-to-rent projects in Warsaw with 647 residential units of 29,851 sqm and 11 commercial units of 1,068 sqm for approximately SEK 842 million (PLN 381 million) and an option to acquire an additional 60 apartments. The seller and developer is Marvipol Development SA.The first project, with 136 residential units, is expected to be completed in the third quarter of 2021 and the other two towards the end of 2022. Total estimated gross rental income p.a. is SEK 67.5 million (PLN 30.6 million). Together