Heimstaden Bostad acquires property projects in Strängnäs, Sweden
Heimstaden Bostad AB has acquired four turn-key property projects in Strängnäs, Sweden from Framfastgruppen AB. The projects include the development of 149 apartments with a total area of 8,200 sqm. Construction will begin in Q4 2020 and is expected to be completed in Q4 2022. Estimated property value upon completion amounts to approximately SEK 250 million.Heimstaden Bostad has been present in Strängnäs since 2018 and currently owns 450 apartments in the area. Strängnäs attractive geographical location and population growth are the reasons behind the expansion and acquisition from