The development project Viggby Ängar in Täby, which is fully owned by Aros Bostad, comprises four phases with a total of 247 apartments. The first phase consists of a building with 102 apartments, which is under construction with an estimated completion during 2023. The divestment of the first phase enables an earlier sales and construction start of the second phase.
O2 Orminge in Nacka comprises three phases with a total of 268 apartments, which are being developed within the Fund Aros Bostad IV. The first two phases are completed. The third and final phase, which is now being divested, consists of four buildings with a total of 105 apartments. The production start is planned for late 2021 and completion is estimated for the beginning of 2023.
"In the light of a strong investment market for rental residential properties we can carry out this, for us, very attractive deal, by which we can secure the promised investor return at an early stage and still control the quality throughout the development. The ability to act fast and decisively on opportunities in the market is a key strength for Aros Bostad."
Upon completion, the buyer will take position of the properties and the divestment will be reported in line with IFRS. Skierfe Advokatfirma and Tango have acted as advisers for the seller.
Aros Bostad's Certified Adviser for Nasdaq First North Growth Marketis
This disclosure contains information that
For more information, please contact:
Anna Åkerlund, Head of Communications & IR, e-mail: anna.akerlund@arosbostad.se, phone: +46 70 778 28 97
Certified Adviser, e-mail: certifiedadviser@penser.se, phone: +46 8 463 83 00
About Aros Bostad
Aros Bostad is a residential developer within the
Main investors in Aros Bostad's funds is primarily institutional capital from AP1, Varma, SEB Trygg-Liv, SEB Pensionsstiftelse, Östersjöstiftelsen as well as several prominent and financially strong entrepreneurs and investors.
The Company's ordinary shares and preference shares of class A and B are listed on Nasdaq First North Growth Market.
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