Recent work | April 19, 2023
Roschier advised Savills in the acquisition of six residential assets in Sweden
Savills Investment Management has entered into an agreement to acquire six fully let residential assets in Sweden for approximately EUR 100 million for its European Living platform. The seller is the Swedish listed developer and property company K2A Knaust & Andersson Fastigheter AB, and the deal was sourced off market. Roschier represented Savills in the acquisition.
The portfolio of acquisitions is located in the university cities Uppsala, Västerås and Gävle in Sweden, and is built with a strong ESG profile. This includes attributes such as solar panels, predominantly timber framed buildings, carpools, bike locker rooms, sedum roofs, social common areas, affordable rents, and garbage recycling systems among other sustainable characteristics.
All assets will have an environmental certification; “Miljöbyggnad Silver” or “Svanen”, and efficient heating systems including thermal and district heating, being free of fossil fuels.
Closings are planned for 31 May 2023 for the assets in Västerås and Gävle and 1 December 2023 for the assets in Uppsala. The seller K2A will be retained as property manager for the portfolio.