The acquisitions are in line with Oscar Properties’ strategy of continued expansion in attractive areas outside the city customs. Nacka Strand is undergoing a continued development towards a more mixed district with apartments, offices and service – with a distinct character.
 
The acquired development rights and properties are located within the project area for Nacka Strand, in the sub areas 5, 6, 7, 8, 9 and 11. Oscar Properties will work towards getting the detailed development established.
 
“Earlier this year we acquired Carlyle’s 50 percent share in Project No 4 in Nacka Strand. We now continue our expansion here and expect to add 500 apartments in the acquired sub areas. We are very happy about the acquisition and look forward to being a part of the development of Nacka Strand”, says Oscar Engelbert, CEO at Oscar Properties.
 
Possession will be taken during Q1 2017.