Heimstaden acquires a portfolio of 1,375 apartments in 24 properties located primarily in Esbjerg, Aalborg, Aarhus, Svendborg and Copenhagen (ranking by share of value). 

The portfolio consists of a total of approximately 116,600 sq. m. divided into 1,375 apartments and approximately 50 commercial premises.

The properties were built between 1886 and 2008 and include both older century-shift houses with regulated housing rent (approx. 67,900 sq. m.) and as well as relatively new-built properties with market rent (about 33,000 sq. m.) and commercial premises (approx. 15,700 sq. m.).

The agreed property value is 1,520 mDKK and the transaction is carried out as a company transaction with access on January 8, 2019. The transaction is financed through existing cash and the raising of new loans.

“We are pleased to have acquired another large housing portfolio in Denmark. This acquisition is also in line with our desire to continue to expand outside Copenhagen and at the same time streamline our management portfolio. The properties, in good technical condition, located in both the Danish capital and the larger regional cities provide a stable and safe income”, says Magnus Nordholm, Deputy CEO of Heimstaden.

Heimstaden's adviser has been Colliers Denmark and Gorrissen Federspiel.  

For further information, please contact:

Magnus Nordholm, Deputy CEO                             +46 705 29 31 44            magnus.nordholm@heimstaden.com

Tom Rasmussen, Head of Asset Management       +46 706 85 40 81            tom.rasmussen@heimstaden.com