The centrally located portfolio also includes an elderly home, a preschool, a parking garage, and a few other commercial premises. The seller is Göran Magnusson and his family and Heimstaden Bostad AB will be the legal owner of the properties from 1 October 2020. 

“These very centrally located and attractive apartments complement our previous holdings in Linköping and provides the opportunity to offer even more friendly and sustainable homes to customers in Linköping,” said Fredrik Årman, Head of Transactions at Heimstaden. 

Heimstaden Bostad AB is already a large property owner in Linköping and will, after receiving legal ownership, manage a total of 1,644 apartments in the city. In addition, 109 rental apartments are under construction in Vallastaden. 

“Today, Heimstaden delivers full in-house services to all our customers in 30 local offices around Sweden. Our Linköping team is looking forward to taking over the long-term utilization and management of this fine residential portfolio, simplifying and enriching the life for our customers with our caring accommodations," Årman continued. 

Panreal Property Advisors served as the advisor for Heimstaden Bostad AB in the transaction.