Rödbetan 1 & 2 - Refurbishment program and building rights in a residential portfolio in Stockholm

Sector: Residential
Location: Solna, Sweden

Opportunity & Background

Portfolio of non-refurbished apartments with low rents and tenants requesting higher standards

Mismanaged by previous owner

Available land for additional buildings on the plot

Strong housing demand in Sweden/Stockholm

Business Plan & Execution

Refurbish all apartments that become available through natural churn

Set clear sustainability targets for the buildings, and improve the standard of technical installations

Raise safety and environment standard in the general areas

Work on zoning and building rights for extension in the standingbuildings and developing new additional buildings on the plot

Results

We have been able to achieve a higher natural churn than expected, which leads to a faster paced refurbishment program

Higher negotiated rents with Hyresgästföreningen than previously anticipated and underwritten

Building rights for additional ~8,600 sqm BTA on the plot

Sector: Residential

Location: Solna, Sweden

Opportunity & Background

Portfolio of non-refurbished apartments with low rents and tenants requesting higher standards

Mismanaged by previous owner

Available land for additional buildings on the plot

Strong housing demand in Sweden/Stockholm

Business Plan & Execution

Refurbish all apartments that become available through natural churn

Set clear sustainability targets for the buildings, and improve the standard of technical installations

Raise safety and environment standard in the general areas

Work on zoning and building rights for extension in the standingbuildings and developing new additional buildings on the plot

Results

We have been able to achieve a higher natural churn than expected, which leads to a faster paced refurbishment program

Higher negotiated rents with Hyresgästföreningen than previously anticipated and underwritten

Building rights for additional ~8,600 sqm BTA on the plot

Opportunity & Background

Portfolio of non-refurbished apartments with low rents and tenants requesting higher standards

Mismanaged by previous owner

Available land for additional buildings on the plot

Strong housing demand in Sweden/Stockholm

Business Plan & Execution

Refurbish all apartments that become available through natural churn

Set clear sustainability targets for the buildings, and improve the standard of technical installations

Raise safety and environment standard in the general areas

Work on zoning and building rights for extension in the standingbuildings and developing new additional buildings on the plot

Results

We have been able to achieve a higher natural churn than expected, which leads to a faster paced refurbishment program

Higher negotiated rents with Hyresgästföreningen than previously anticipated and underwritten

Building rights for additional ~8,600 sqm BTA on the plot

No items found.

Rödbetan 1 & 2 - Refurbishment program and building rights in a residential portfolio in Stockholm

Sector: Residential

Location: Solna, Sweden

Opportunity & Background

Portfolio of non-refurbished apartments with low rents and tenants requesting higher standards

Mismanaged by previous owner

Available land for additional buildings on the plot

Strong housing demand in Sweden/Stockholm

Business Plan & Execution

Refurbish all apartments that become available through natural churn

Set clear sustainability targets for the buildings, and improve the standard of technical installations

Raise safety and environment standard in the general areas

Work on zoning and building rights for extension in the standingbuildings and developing new additional buildings on the plot

Results

We have been able to achieve a higher natural churn than expected, which leads to a faster paced refurbishment program

Higher negotiated rents with Hyresgästföreningen than previously anticipated and underwritten

Building rights for additional ~8,600 sqm BTA on the plot

No items found.

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