Press Release Details

Heimstaden Bostad has acquired a new-build project in Skellefteå, Sweden


Heimstaden Bostad has acquired the project Västra Erikslid in Skellefteå municipality in Sweden from Magnolia Bostad. The project includes the development of approximately 300 properties of 21,000 sqm. Assessed property value at completion amounts to approximately SEK 475 m.

The sale is conditional on land transfer agreements with Skellefteå municipality and property formation. Production is expected to start in the second half of 2020 with an estimated occupancy approximately one year later. The project is located close to Skellefteå city center.

“- As we already are established as a long-term manager of people's homes in Skellefteå, the acquisition in Västra Erikslid expands our property portfolio in the region further and complements our own new production," says Patrik Hall, CEO in Heimstaden.