John Mattson has entered into an agreement with Niam to acquire 318 apartments in Uppsala. Through this acquisition, John Mattson takes the step beyond Stockholm’s inner suburbs and establishes a presence in Uppsala. At the same time, the company announces that the Board of Directors has resolved to initiate a new share buyback program of up to SEK 100 million until the next Annual General Meeting.

The acquisition is carried out through a corporate transaction at a purchase price of SEK 221 million. The purchase price is based on an underlying property value of SEK 803 million, less deferred tax of SEK 19.0 million. The seller is Niam. The transaction will be financed through bank borrowing. Possession will be taken on 1 June 2026.

The acquisition comprises a total of approximately 13,862 square metres of lettable area across four properties, mainly consisting of residential rental apartments. The properties are located in the Senapsfabriken area, part of Industristaden in central Uppsala. The buildings were completed in 2021.

John Mattson’s strategy is to own, manage, and develop properties over the long term, and the new portfolio in Uppsala will gradually be integrated into the existing property management organization.

“Through this acquisition, we establish a presence in Uppsala – a market characterized by strong population growth and attractive risk-adjusted returns. The transaction represents a unique opportunity to acquire properties in one of Uppsala’s most attractive locations, with immediate proximity to the city centre and the central railway station. The acquisition forms part of our efforts to increase risk-adjusted returns and strengthen earnings from property management per share. In recent years, conversions have been carried out where some of the company’s lowest-yielding properties have been divested in order to free up capital for investments offering higher returns,” says Per Nilsson, CEO of John Mattson.

The Board of Directors has resolved to repurchase shares for a total amount of up to SEK 100 million during the period up to the Annual General Meeting 2027. Repurchases may only be carried out on Nasdaq Stockholm within the prevailing registered price interval between the highest bid price and the lowest ask price, and otherwise in accordance with Nasdaq Stockholm’s Rules for Issuers.

As of the date of this press release, the total number of shares in the company amounts to 75,008,629. As of the same date, John Mattson holds no treasury shares.

“Many listed property companies are currently trading at a discount, and John Mattson is no exception. Against this backdrop, repurchases of John Mattson’s shares represent an attractive capital allocation. The Board has therefore decided that our growth strategy – comprising investments in the existing portfolio, new construction and acquisitions of income-generating properties – should be complemented by share buybacks, with the aim of further enhancing shareholder value. The fact that we are able to complete the acquisition in Uppsala while simultaneously initiating a share buyback program demonstrates the company’s financial strength,” says Per Nilsson.

Wigge & Partners acted as John Mattson’s legal advisor in the transaction.