Heimstaden purchases all shares in Fredensborg Danmark A/S from Fredensborg AS.

The transaction encompasses a leasable area of 12,075 sqm and was based on a property value of approximately MSEK 625 (€67M). Included in the acquisition is also 123 parking spots. All condominiums and parking spots are located on Havneholmen 48-86 in Copenhagen.

Heimstaden will now be responsible for Fredensborg AS’ venture in Copenhagen due to the Copenhagen market’s close proximity to Heimstaden’s headquarters in Malmö.