SSM has acquired another project within the Municipality of Stockholm. The building is attractively located near public transport including the subway, commuter trains and buses.
The project is a purely cooperative apartment project covering about 24,000 square meters of BUA that SSM intends to develop into approximately 260 apartments. The project will be managed by SSM in full with construction planned to start in 2018 and occupancy in 2020.
 
The purchase price is a total of MSEK 500 (EUR 53M). The acquisition is conditioned and the conditions are expected to be removed during the second quarter of 2017.
 
”SSM targets a customer group looking for functional, space-efficient homes in central locations with access to public transport. Our new project meets all three criteria and will therefore be a valuable addition to our portfolio,” says Mattias Roos, President & CEO of SSM.
 
Following the acquisition, SSM will have close to 5,800 building rights in planning or construction phase.