Amasten and Drakstaden in Property Swap

Jan-Erik Höjvall, CEO of Amasten.

Image: Rikshem

Amasten and Drakstaden in Property Swap

Sweden — Amasten has agreed on an exchange transaction with Drakstaden Förvaltning. The swap transaction means that Amasten acquires eleven properties in central Sundsvall, at the same time divesting seven properties in Essvik and Matfors.

2019-04-08

The acquisition takes place in a corporate form and is based on an underlying property value of SEK 118.3 million. The sale takes place in a corporate form and is based on an underlying property value of SEK 73.8 million. The entry and exit is expected to take place on May 29, 2019.

"We streamline our stock in Sundsvall. After the transaction, the real estate hub Sundsvall comprises more than 600 apartments," says Jan-Erik Höjvall, CEO of Amasten.

Axel Ohlsson

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