NREP NSF1 develops 250 rental apartments in greater Stockholm
NREP and SHH Bostad agree to form a joint venture company for the purpose of developing two rental apartment projects in Greater Stockholm. New residential zoning plans have been approved and construction will commence in 2016. One project of about 150 rental apartments is located in Visättra Ängar, Huddinge. The second project of approx. 100 rental apartments is located at Bergfotsvägen in Tumba.
“We are very excited about this partnership with NREP and that we quickly can build a large volume of rental apartments. The focus is youth apartments, which we see a great need for in both Tumba and Flemingsberg. Completion is planned for 2017-2018”, says Misha Moeremans d’Emaus, CEO Svenska Hyreshus.
“By partnering with SHH Bostad we create an efficient platform that quickly can offer attractive rental apartments, partly on land that we own today, but also in future projects”, says Rickard S. Dahlberg, CIO and Partner at NREP.
NREP has been advised by REAL advokatbyrå. Svenska Hyreshus has been advised by Advokatfirman Lindahl.
For additional information please contact:
Rickard Dahlberg, CIO and Partner, Nordic Real Estate Partners +46 70952 0203
Gustaf Lilliehöok, Investor Relations, Nordic Real Estate Partners +45 21 12 04 41