Heimstaden Bostad Buys the Operational Organisation from Heimstaden
The transaction value is SEK 3 billion and includes companies employing 2,000 people in nine countries, carrying out local management of Heimstaden Bostad’s properties and central IT services. In addition to the strategic rationale, annual savings for Heimstaden Bostad is estimated to SEK 130 million.Simultaneously, the management agreement with Heimstaden AB is prolonged until 2047. Annual cash flow in Heimstaden AB will be reduced by ~SEK 150 million. The transaction and agreements were negotiated between Heimstaden AB and the main Institutional owners of Heimstaden Bostad and