Sveaviken Bostad AB, through its wholly-owned subsidiary, has today agreed to divest the properties Järfälla Barkarby 2:59, 2:297, and 2:298 to CBRE Investment Management (CBRE IM) on behalf of a fund sponsored by the firm. The property comprises a total of 16,874 square meters, including 350 apartments, 105 parking spaces, and commercial premises of 2,547 square meters on the ground floor. The sale is in line with the SIBS Group's stated strategy of increasing focus on SIBS as a leading industrial producer of apartment buildings in the global market.
The property is centrally located in Barkarbystaden, Järfälla. Barkarbystaden is one of Sweden's largest and most exciting urban development projects. It is growing into a new district with space for over 14,000 residences, thousands of jobs, educational facilities, a new hospital, hotels, commerce, services, sports, and culture. Barkarbystaden will become a future hub for public transportation in northwest Stockholm, with a new subway station, buses, commuter trains, and regional trains.
The area has been developed with a strong focus on sustainability and aims to be climate-neutral by 2030. Just like other residential projects developed by Sveaviken's parent company SIBS, great importance has been placed on sustainability, including highly energy-efficient buildings combined with solar panels and geothermal heating. Care has also been taken in the architectural design, with varying building heights, rooftop terraces, beautifully designed inner courtyards, and attractive materials in both the facade and interior. Initially, the properties will be managed by Sveaviken Bostad.
JLL has been the transaction advisor, and Walthon Advokater has provided legal counsel to Sveaviken Bostad in the transaction.
"We are very pleased with the great interest we have received for the property and that CBRE IM is acquiring it. CBRE IM's long-term perspective as a property investor with a strong focus on environmental and social sustainability bodes well for the future management and tenants. We are also very proud that another reputable investor confirms the quality of our sustainable properties. We look forward to continued cooperation with CBRE IM," says Pär Thomaeus, CEO of Sveaviken Bostad.
Sveaviken Bostad estimates that the property will be transferred at the end of June.
For further information, please contact:
CEO Sveaviken Bostad
+46 70-781 58 31
vice CEO, Sveaviken Bostad
+46 709 369 167
This information is such that SIBS AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was provided, at the discretion of the above-mentioned contact person, for disclosure on June 19, 2023, at 09:30 CET.
SIBS AB is an innovative construction group founded in 2016. SIBS has the entire integrated value chain for property development within the group, from design in its own building system and industrial production in its own factory to long-term management of completed residential buildings. Through digitization and technology, we are setting a new standard in the construction industry. SIBS bonds are listed on Nasdaq Stockholm. Learn more at www.sibs.se.
Sveaviken Bostad AB is a wholly-owned subsidiary of SIBS AB (publ) and operates in residential development and property management. The residences emphasize sustainability, functionality, quality, and design. Currently, Sveaviken manages approximately 1,500 residences, has around 2,000 residences under construction, and holds a portfolio of nearly 12,000 building rights. Read more at www.sveavikenbostad.se