Fabege to develop residential units in partnership with Oscar Properties
Fabege and Oscar Properties Invest AB have formed a jointly owned company for developing residential properties with tenant-owner flats in Stockholm. The company will be owned in equal parts by the two parties and will acquire properties for new builds or conversion of existing buildings into residential units, which will then be transferred to tenant-owner associations, a type of housing cooperative that is common in Sweden. Concluded at the beginning of the year, the deal was contingent on the jointly-owned company obtaining funding for the acquisition of developable properties, which