ARTICLES LABELLED WITH TAG Heimstaden Bostad

Greenberg Traurig advised Marvipol Development on the sale of 138 residential and non-residential units in the Unique Tower complex, situated in Grzybowska Steet in Warsaw, to the Heimstaden Bostad Group.

Heimstaden subsidiary Heimstaden Bostad AB is buying the 400-apartment residential project Aurora in Warsaw from development company Dantex. The transaction is structured as a turnkey forward funded acquisition, where Heimstaden Bostad does not carry any direct development risk. Completion is scheduled for mid-2024.

Following the acquisition of Polish residential developer Budimex Nieruchomości - now renamed Spravia - construction of its first project has begun with its new owner, Czech developer and investor Crestyl. The two phases of the Mińska 69 residential complex in Warsaw will offer nearly four hundred apartments for long-term rent. Based on a previously concluded strategic partnership, they will be bought by Heimstaden Bostad, one of Europe’s leading residential real estate rental companies.

Heimstaden Bostad has set new sustainability targets and will invest nearly €500 million (SEK 5 billion) to reduce the company’s greenhouse gas emissions by at least 46% by 2030, in line with the Paris Agreement ambition to limit global warming to 1.5°C.

Heimstaden subsidiary, Heimstaden Bostad AB, is to buy a newly-built residential portfolio with 2,496 homes in Poland for €305 million (SEK 3.1 billion) from leading Polish residential development company, Budimex.

Swedish company Heimstaden, the third-largest provider of rental housing in Europe, continues its investments in housing in the Czech Republic. The company, which bought Residomo with 42,500 apartments mainly in the Moravian-Silesian Region last year, is now expanding its portfolio with a €22.7 million acquisition in Plzeň from Czech developer Daramis.  The new assets include 226 flats and 5 non-residential premises.

Heimstaden Bostad AB announces its second acquisition in Poland, consisting of three build-to-rent projects in Warsaw with 647 residential units of 29,851 sqm and 11 commercial units of 1,068 sqm for approximately SEK 842 million (PLN 381 million) and an option to acquire an additional 60 apartments. The seller and developer is Marvipol Development SA.

Heimstaden’s subsidiary, Heimstaden Bostad AB, announces the acquisition of two build-to-rent projects in Warsaw, Poland, from the French developer and contractor, Eiffage, which also will act as the general contractor.

Round Hill Capital announced that funds advised by Blackstone Tactical Opportunities and Round Hill Capital have exchanged contracts to sell the shares of a residential property portfolio in the Czech Republic owned and operated by Residomo to Heimstaden Bostad AB for a total purchase price of €1.3 billion.