The acquisition is being conducted in the form of a corporate wrapper with an acquisition price of SEK 867 million after deduction of deferred tax of SEK 35 million. The seller is Sollentuna Stadshus AB. Possession of the properties will be taken in October 2021.

The acquisition encompasses some 38,000 square metres of lettable area allocated across eight properties primarily comprising residential rental properties. The properties are located adjacent to Häggvik commuter train station and in Tureberg, by Sollentuna Centrum. The buildings in Häggvik date back to the 1940s and 1950s, and the buildings in Tureberg to the 1970s.

One element of John Mattson’s growth strategy is to acquire existing property portfolios in municipalities in the Stockholm region, in locations with good development potential and easy access to transportation. The municipality of Sollentuna has positive population growth and high demand for housing.

John Mattson has already acquired some 2,800 apartments and commercial premises located in Lidingö, Sollentuna, Stockholm and Nacka. The properties in Sollentuna were acquired in December 2019.

“The acquisition harmonises well with John Mattson’s growth strategy and property management model. We look forward to managing and developing the areas responsibly and sustainably in line with our vision of creating great neighbourhoods across generations. We also look forward to continuing our close collaboration with the municipality of Sollentuna and the local business community as we take an active role in realising Vision Malmvägen,” says Siv Malmgren, CEO of John Mattson.

“We welcome John Mattson deepening its commitments in Sollentuna. Together, we will improve safety and well-being in Tureberg and Häggvik,” says Henrik Thunes (Moderaterna), Chairman of Sollentuna Stadshus AB.