John Mattson acquires a further 456 apartments in the municipality of Sollentuna
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John Mattson signed an agreement today with Sollentuna Stadshus AB to acquire 456 apartments together with commercial premises in Häggvik and Tureberg in the municipality of Sollentuna. John Mattson already has operations in Sollentuna and the acquisition fits well with the company’s growth strategy and property management model.
The acquisition is being conducted in the form of a corporate wrapper with an acquisition price of SEK 867 million after deduction of deferred tax of SEK 35 million. The seller is Sollentuna Stadshus AB. Possession of the properties will be taken in October 2021.
The acquisition encompasses some 38,000 square metres of lettable area allocated across eight properties primarily comprising residential rental properties. The properties are located adjacent to Häggvik commuter train station and in Tureberg, by Sollentuna Centrum. The buildings in Häggvik date back to the 1940s and 1950s, and the buildings in Tureberg to the 1970s.
One element of John Mattson’s growth strategy is to acquire existing property portfolios in municipalities in the Stockholm region, in locations with good development potential and easy access to transportation. The municipality of Sollentuna has positive population growth and high demand for housing.
John Mattson has already acquired some 2,800 apartments and commercial premises located in Lidingö, Sollentuna, Stockholm and Nacka. The properties in Sollentuna were acquired in December 2019.
“The acquisition harmonises well with John Mattson’s growth strategy and property management model. We look forward to managing and developing the areas responsibly and sustainably in line with our vision of creating great neighbourhoods across generations. We also look forward to continuing our close collaboration with the municipality of Sollentuna and the local business community as we take an active role in realising Vision Malmvägen,” says Siv Malmgren, CEO of John Mattson.
“We welcome John Mattson deepening its commitments in Sollentuna. Together, we will improve safety and well-being in Tureberg and Häggvik,” says Henrik Thunes (Moderaterna), Chairman of Sollentuna Stadshus AB.
Lidingö, Sweden, 7 May 2021
John Mattson Fastighetsföretagen AB (publ)
For further information, please contact:
Siv Malmgren, CEO of John Mattson.
+46 (0)70 539 35 07, siv.malmgren@johnmattson.se
Maria Sidén, CFO, John Mattson
+46 (0)70 337 66 36, maria.siden@johnmattson.se
Facts about the acquisition:
Number of properties: 8
Number of apartments: 456
Lettable area: 38,000 sq m, of which 29,000 sq m is housing and approximately 9,000 sq m other premises
Economic occupancy rate: 98%
Rental revenues, fully let (2021): approx. SEK 47 million
Acquisition price: SEK 867 million after deduction of deferred tax of SEK 35 million
Date of transfer: 1 October 2021
This information is information that John Mattson Fastighetsföretagen AB is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 1.00 p.m. CEST on 7 May 2021.
About John Mattson Fastighetsföretagen AB (publ)
John Mattson is a private residential property owner with 2,800 rental apartments, and has operations in four municipalities of Stockholm: Lidingö, Sollentuna, Stockholm and Nacka. As of 31 March 2021, the property value was SEK 8.2 billion. The focus of the company’s strategy is on property management, refinement, densification and acquisitions. The management of John Mattson’s properties is characterised by an overall perspective and close customer relationships. The company’s goal is to create great neighbourhoods across generations. John Mattson’s shares are listed under the symbol JOMA on Nasdaq Stockholm, Mid Cap.
Read more at: johnmattson.se and corporate.johnmattson.se