Savills Investment Management has entered into an agreement to acquire six fully let residential assets in Sweden for c. €100 million for its European Living platform. The seller of the assets was the Swedish listed developer and property company K2A Knaust & Andersson Fastigheter AB, and the deal was sourced off market.
The portfolio of acquisitions is located in the university cities Uppsala, Västerås and Gävle in Sweden, and is built with a strong ESG profile. This includes attributes such as solar panels, predominantly timber framed buildings, carpools, bike locker rooms, sedum roofs, social common areas, affordable rents and garbage recycling systems among other sustainable characteristics. All assets will have an environmental certification; “Miljöbyggnad Silver” or “Svanen”, and efficient heating systems including thermal and district heating, being free of fossil fuels.
Source: savillsim.com on the 19th of April 2023
https://www.savillsim.com/2023/residential-portfolio-in-sweden-to-european-living-platform.aspx#