Swedish residential developer and owner Slättö has sold a residential portfolio in Sweden to Trenum, owned by Balder and the third AP pension fund Fund, as well as local property firm Lansa for a value of SEK 1.6 bn (€155 mln).
Slättö has inked the sale on behalf of its fourth fund, Slättö IV, which currently owns just under 1,600 apartments.
The portfolio consists of almost 670 residential units, and the properties are located in the several municipalities around Stockholm and in Västerås, Örebro, Karlstad and Umeå.
'Slättö has been creating value in the process of developing and refining the projects and we are very pleased with the business. We deepen the already established relationship with Lansa and develop a new relationship with Trenum, they are excellent long-term owners,' commented Slättö's vice president Henrik Nordlöf.
Pangea was financial advisor to Slättö in this transaction. Wistrand was legal advisor.