Tobin Purchases 35,000 sqm Land in Nacka

Sweden — Tobin Properties has signed an acquisition deal of thirty joined house plots encompassing 35,000 sqm land in Nacka. The point of the acquisition is to, together with Nacka, develop a new district and through a new detail plan modification enable new productions of approximately 600-700 apartments.

2017-04-27

The area is located along Birkavägen, between Sickla and Nacka Forum, right next door to the future subway station.

“This project is well in line with our ambition to work on larger urban development projects. The project is also located in a very attractive and expansive part of Stockholm,” says Erik Karlin, CEO of Tobin Properties.

The purchase price is dependent on the final amount of building rights. The agreements are conditioned upon a lawful detail plan.

Angermann Sweden and Glimstedt has represented the seller in the deal.