“First and foremost, this is a return to our original strategy, to distribute the risks more wisely in major housing development projects, but you should also not underestimate the value of strengthening the company's capital structure as a result of the divestment,” says Oscar Engelbert, CEO of Oscar Properties.

The Helix project is the second stage of Norra Tornen in Vasastan, Stockholm. It comprises 138 apartments – 12,000 sqm – with expected completion by the end of 2020. Production is ongoing and almost 70 percent of the apartments are sold.

“The Helix project will become a landmark in Stockholm and we will also deepen our existing cooperation in housing development with Slättö. We also look forward to working together with Oscar Properties in this exciting housing project,” says Sven-Olof Johansson, CEO of Fastpartner.

“The deal fits well with Slättö VII's mandate and focus. We look forward to developing the project with Oscar Properties and to deepening our strategic collaboration with Fastpartner in another transaction, says Johan Karlsson,” CEO of Slättö.