Folksamgruppen has acquired a residential housing project in Vellinge from Peab for 260 million Swedish Krona, as part of its strategy to invest in sustainable living environments.

Target Information

Folksamgruppen, through Folksam Tjänstepension, has acquired a residential housing project located in Vellinge from Peab for a total consideration of 260 million Swedish Krona. The property, registered as Vellinge 99:148, boasts a desirable location with proximity to the central parts of Vellinge and convenient transportation links. The development includes 102 rental apartments and is set to feature approximately 6,020 square meters of leasable area.

This acquisition is part of Folksamgruppen's long-term strategy to invest in sustainable and secure living environments that cater to future housing needs. The residential units are currently being developed by Peab, with possession anticipated to take place around the turn of 2027/2028. Additionally, the property will be environmentally certified according to Miljöbyggnad Silver standards.

Industry Overview

The residential real estate market in Sweden has shown significant resilience, characterized by strong demand for sustainable housing solutions. In particular, the Skåne region has experiences robust population growth,