Trenum also has the option to acquire two more stages in Söderport, which comprises a total of just under 400 apartments.

Angermann has been the seller's financial advisor and AB Lejonstaden has been their technical advisor.

"This is a project that we have been working on for a while and it feels extremely gratifying to start this collaboration with a strong player like Trenum who is very long-term in their investments," says Göran Johansson, Chairman of the Board of Grundingen.

The start of production for the project is scheduled for the second quarter of 2020 and is expected to be ready for occupancy in 2022.

AB Lejonstaden is also engaged for the continued development of the project and for future stages.

In total, the transaction has an underlying property value of approximately SEK 240 million, including investment grants