The transaction is a strategic step in the company's focus on creating higher management efficiency through portfolio optimization. The exchange transaction means that Sveafastigheter strengthens its presence in Jönköping, Umeå, Falun, Borlänge, Höganäs and Oskarshamn, while the company leaves Malmö, Sundsvall, Östersund, Trelleborg and Motala. The transaction covers a total of 1,231 apartments, of which Sveafastigheter acquires 656 apartments and divests 575 apartments.
"This transaction is a clear step in our long-term strategy to optimize the property portfolio through a more efficient management of the portfolio. Through this deal, we strengthen both our operational platform and our ability to deliver stable cash flows. The deal gives us better condition to create value over time – for our tenants, our employees and our shareholders,” says Erik Hävermark, CEO Sveafastigheter.
The deal is executed by two long-term players in the housing market with the common ambition to develop sustainable and attractive living environments.
"It is gratifying to make a deal where both parties clearly see the economies of scale in connection with the transaction while simultaneously improving the operational conditions from a management perspective,” says Andreas Morfiadakis, CEO KlaraBo.
The acquisition portfolio consists of 656 apartments. Total lettable area amounts to approximately 45,000 sqm and rental value to SEK 69 million. Agreed property value amounts to SEK 1,031 million, corresponding to approximately SEK 23,000 per sqm.
The divestment portfolio consists of 575 apartments. Total lettable area amounts to approximately 45,000 sqm and rental value to SEK 70 million. Agreed property value amounts to SEK 1,103 million, corresponding to approximately SEK 24,800 per sqm.
The agreed property value in the portfolio that Sveafastigheter is divesting corresponds to the book value of the properties. The transaction is initially estimated to reduce Sveafastigheter's earning capacity by approximately SEK 2 million and reduce the occupancy rate by 0.04 percentage points. Sveafastigheter is the net seller in the transaction and will receive a purchase price of approximately SEK 90 million after deductions of, for example, deferred tax.
The deal is unconditional. The handover will take place on February 2, 2026.
All Nordics
Sweden
Denmark
Finland
Norway