Residential property investor Rikshem has acquired about 1,000 apartments in the 脰resund region of southwest Sweden for SEK 690m mln (EUR 77 mln).
Residential property investor Rikshem has acquired about 1,000 apartments in the 脰resund region of southwest Sweden for SEK 690m mln (EUR 77 mln).
The vendor of the 82,000 m2 portfolio was private company BSA Hyresbost盲der. Seven hundred of the 1,064 assets are situated in the city of Helsingborg.
Rikshem is one of Sweden's largest residential real estate companies. Its 16,000-residential property portfolio covers 1.2 million m2 and is valued at SEK 14 bn.
The company is jointly owned by private Swedish pension fund AMF and AP 4, one of Sweden's national pension buffer funds. Rikshem aims to grow its assets under management to SEK 20-25 bn in in the next five years.
Rikshem acquired a portfolio of residential and public properties in the Sigtuna district for EUR 190 mln in the largest sale of properties held by a Swedish municipality last year.
Click on the link below to read: 'Swedish group invests over EUR 100m in UK residential'
