The transferred properties are Datumblocket 1 in Vällingby, Sticksågen 1 and Skrubbhyveln 5 in Gubbängen and Korsö 3 in Farsta. All allowed with leasehold. The transactions are carried out as corporate transactions with access planned for June 2019.

The purchaser of Datumlocket 1 is Brovalvet Förvaltnings AB. The buildings on the property comprise 102 apartments totaling 5,528 sqm and 876 sqm of premises. The purchase price for the shares in the property-owned company is based on an underlying property value of SEK 180.0 million and amounts to (preliminary) SEK 147.7 million. On the day of admission, Heba will, in addition to the purchase price, receive a repayment of loans granted from the property-owned company of SEK 25.4 million.

Buyer of Sticksågen 1 and Skrubbhyveln 5 is Celon. The buildings on the properties comprise a total of 73 apartments totaling 4 146 sqm and 248 sqm premises. The purchase price for the shares in the property-owned companies is based on an underlying property value of SEK 130.0 million and amounts to (preliminary) SEK 117.0 million. On the day of admission, Heba will receive, in addition to the purchase price, a repayment of loans granted from the property-owned company of SEK 7.2 million.

Buyer of Korsö 3 is Primula Byggnads AB. The building on the property comprises 74 apartments totaling 5,509 sqm and 62 sqm premises. The purchase price for the shares in the property-owned company is based on an underlying property value of SEK 155.0 million and amounts to (preliminary) SEK 139.2 million. On the day of admission, Heba will, in addition to the purchase price, receive a repayment of loans granted from the property-owned company of SEK 9.1 million.

The total underlying property value exceeds the external valuation at year-end 2018/2019 by approximately 10 percent. Reserved tax liability will be reversed and entail a tax income of approximately SEK 64.4 million.
Heba has an extensive ROT (Repairs, Conversion, Extension) and new construction program that entails large investments.

"Through the sales, we have the opportunity to further increase our new production of housing and elderly care homes and at the same time improve the company's earning capacity," says Patrik Emanuelsson, CEO, HEBA Fastighets AB.