"With this acquisition we continue to grow in Trelleborg and further strengthen our position by expanding our long-term management unit in the city. Following the acquisition, we have a total of 756 apartments in Trelleborg and properties in the eastern part of the city is a great addition to our core real estate. We see good opportunities to develop the properties and the neighborhood to continue creating attractive places for our tenants," says Johan Jaxell, transaction manager at Heimstaden.

The transaction value of the deal amounts to MSEK 61 and is equivalent to about SEK 7,900/sqm.

Completion is scheduled to May 7.