Besqab has signed an agreement with Alecta regarding the sale of Besqab Knölsvanen Bostad AB and Besqab Fastighetsbolaget Anlos K AB, which are the legal owners of the properties Solna Banken 18 and Solna Banken 19, including approximately 195 building rights along Solnavägen. The purchase price amounts to approximately SEK 300 million. The transaction will result in a positive financial effect and a liquidity boost of about SEK 300 million (EUR 25.9 million). The deal will be recorded in the fourth quarter.

“We continuously evaluate our building rights portfolio to achieve the best possible results for Besqab. Solna Centrum is a fantastic location where we have constructed approximately 200 new apartments over the past few years with very successful result. This transaction benefits both parties as it improves Alecta’s ability to further develop Solna Centrum while freeing up liquidity for Besqab to invest in new residential projects,” says Magnus Andersson, CEO of Besqab.

“We have already been a major player on the site and are a long-term owner and developer of Solna centre. The acquisition of Banken 18 and 19 strengthens our opportunity to develop the site further together with the city and other actors. There is great potential in the master plan's ambition to develop Solna Centrum into an even more distinct city center in Solna,” says Lena Boberg, CEO of Alecta Fastigheter.

The properties sold were part of a larger project area, consisting of four building structures with around 400 homes, where Besqab has completed the first phase and is in the final stage of the second phase, comprising around 100 apartments in the Solna Parad project.