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Heimstaden: Heimstaden Bostad AB acquires 142 homes from DamBorg

Heimstaden Bostad AB expands its Dutch portfolio with the acquisition
of 142 homes from DamBorg. The acquisition of appr. 44 million euros
has been completed.

The portfolio includes 62 homes in the regulated sector and 80 homes
in the liberal sector. The houses are spread over a total of 21
complexes in full ownership, 15 located in Rotterdam and 6 in

"We are pleased to have reached this agreement with Damborg. Our
vision is to be a friendly and sustainable housing company for
everyone. This acquisition, with homes in both the regulated as well
as the liberal sector, fits our strategy perfectly", says Robert-Jan
Reeuwijk, Investment manager at Heimstaden Netherlands.

Own management

Heimstaden entered the Dutch market in 2018 and has expanded its
portfolio to more than 10,000 homes. The housing company has a
long-term perspective and will throughout 2020 establish an own
management in several regional offices that will serve most of the
portfolio, including the 142 homes Heimstaden Bostad bought from

"To achieve Friendly Homes for all customers we need to be a part of
the whole value chain. With an own management established, we are
better positioned to improve the customer services and sustainable
solutions", says Reeuwijk.

First acquisition for in-house investment team

To expand the Dutch residential portfolio, Heimstaden established in
the fall of 2019 a Dutch investment team located in Amsterdam. The
agreement with DamBorg is the first acquisition to be completed by
the in-house investment team of Heimstaden Netherlands.

For further information, please contact:

Christian Fladeland, co-CIO +45 60 60 68 88
Edward Touw, CCO, Heimstaden Netherlands +31 682 50 99 81

Heimstaden AB (publ)

Östra Promenaden 7 A, 211 28 Malmö,

Organisationsnummer 556670-0455, Bolagets säte Malmö,

Telefon, växel 0770 - 111 050,,

Heimstaden is a leading real estate company in Europe, with a focus on
acquiring, refining, developing and managing housing and premises.
Through our values Care, Dare and Share, we create value for our
owners and caring homes for our tenants. Heimstaden Bostad has about
54,900 apartments and a property value of approximately SEK 114
billion value. Heimstadens preference share is listed on Nasdaq First
North. The head office is located in Malmö. Certified Adviser is Erik
Penser Bank aktiebolag, +46 8-463 83 00 and For more information, see


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