OSLO, NORWAY: Swedish pension fund, Försäkringsbranschens Pensionskassa (FPK), invests SEK 500 million in Heimstaden Bostad, partnering with industrial owner Heimstaden AB and institutional investors Alecta, Folksam Group, the Swedish Pensions Agency, and Ericsson and Sandvik’s pension funds. “FPK is a long-term institutional owner with a focus on responsible growth, value creation, and sustainability. We are…
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Heimstaden Bostad buys SEK3.5bn Danish portfolio
OSLO, NORWAY: Heimstaden Bostad AB strengthened its presence in Denmark through a SEK 3.5 billion acquisition of 1,473 homes in several attractive locations. The portfolio consists of 34 properties, of which 18 are standing assets with 680 homes, including one commercial property. 16 properties are under construction and are acquired in a forward purchase structure…
Heimstaden Bostad issues EUR 600m hybrid capital
OSLO, NORWAY: Heimstaden Bostad AB has successfully issued a EUR 600 million subordinated perpetual hybrid bond with an annual fixed rate coupon of 3% and a non-call period of 6.6 years. The issue attracted strong interest and the book peaked at more than two times the nominal amount S&P will classify the hybrid as having…
Heimstaden Bostad expands portfolio in Poland investing SEK 3.1 billion
OSLO: Heimstaden Bostad has bought a newbuild portfolio with 2,496 homes in Poland for SEK 3.1 billion from leading Polish residential development company, Budimex. The portfolio is located in five of the largest cities in Poland: Warsaw, Krakow, Wroclaw, Poznan and Gdansk, economic hubs in their regions, encompassing Poland’s most populated and prosperous areas. “This…
Heimstaden Bostad acquires new Projects in Warsaw for SEK 842 million
OSLO, NORWAY: Heimstaden Bostad announced its second acquisition in Poland, consisting of three build-to-rent projects in Warsaw with 647 residential units of 29,851 sqm and 11 commercial units of 1,068 sqm for approximately SEK 842 million (PLN 381 million) and an option to acquire an additional 60 apartments. The seller and developer is Marvipol Development…
Heimstaden Bostad acquires Danish residential portfolio for SEK 16.6 billion
OSLO: Heimstaden Bostad has signed an agreement to acquire Niam AB’s Danish residential portfolio, branded and managed as HD Ejendomme A/S for a total price of SEK 16.6 billion (DKK 12.1 billion), including SEK 946 million (DKK 690 million) in forward commitments. The portfolio consists of 6,237 residential units and 35 commercial properties geographically spread…
Heimstaden Bostad acquires residential portfolio worth EUR 830 million and establishes operations in Berlin
OSLO: Heimstaden Bostad has signed a purchase agreement for the acquisition of 130 properties comprising a total of 3,902 residential units, 208 commercial units and 321 parking spaces in Berlin, Germany – a total of 282,000 square meters of lettable area. Agreed purchase price is approximately EUR 830 million, which will be financed with debt…