Heimstaden Bostad Buys 806 Homes in Jönköping

Heimstaden Bostad AB strengthens its presence in Sweden through the SEK 1.7 billion acquisition of Vätterbygdens Byggnads AB (“VBAB”).

The portfolio consists of 806 residential units, and 21 new attic apartments under construction, mainly located in attractive micro locations in the central parts of Jönköping.

Heimstaden Bostad made its first investment in Jönköping in September 2021 and will establish a local operational office in connection to the acquisition. 

“We are pleased to further strengthen our presence in Jönköping. The properties are well maintained and is a good fit with our strategy to expand our portfolio in the region. With about 1,000 homes in the Jönköping area, we are in a great position to establish and grow our local operations and deliver Friendly Homes to our customers,” says Investment Director Mattis Falkentoft at Heimstaden.

Jönköping is Sweden’s tenth largest municipality and has had a strong population growth over the last years with a positive outlook going forward. The city is well-connected, with highways directly to Copenhagen and Stockholm, in addition to having one of Sweden’s top universities with appr. 12,000 students.  

Key figures

• Acquisition price: SEK 1.7 billion
• 38 properties (c. 63,700 sqm lettable area)
• 806 homes (average size of 68 sqm)
• 100% regulated residential income

Heimstaden was advised by Panreal.

Contact
Christian V. Dreyer, CCO
+47 907 24 999
christian.dreyer@heimstaden.com

About Heimstaden Bostad
Heimstaden Bostad is a leading European residential real estate company that buys, develops, and manages homes. Through our values Care, Dare and Share, we create value for owners and Friendly Homes for customers. We own about 150,000 homes with a property value of SEK 290 billion. Read more at www.heimstadenbostad.com.