The properties are sold via a limited liability company transaction. The purchase price for the shares is based on an underlying property value of SEK 250.3 million and tentatively amounts to SEK 219.3 million. The total underlying property value exceeds the external valuation at the turn of the year 2020/2021 by 8.2 percent.

Heba has a growing project portfolio for new production and an extensive ROT program.

"Through the divestments, Heba will have the opportunity to further increase the new production of homes and homes for the elderly and at the same time improve the company's earning capacity,"says Patrik Emanuelsson, CEO of Heba Fastighets AB.

The properties comprise 96 apartments with a total of 6,361 sqm, as well as 531 sqm premises.

"We are very pleased with the acquisition, which gives us the opportunity to grow in a pleasant area and close to existing properties in our management. The acquisition also provides a good addition to our expansion plan to eventually reach a managed portfolio of 2,000 apartments," says Jari Lalli, CEO of Arbetarebostadsfonden.

Tango has been a transaction advisor, DLA Piper legal advisor and PwC advisor in tax and financial matters to the buyer. Lindahl has been the legal advisor to the seller.