Aros Bostadsutveckling AB publ ("Aros Bostad") has acquired a property in Bälinge, Uppsala, with the possibility to develop ca 200 new residential units. The ambition is to develop housing of various sizes and different forms of tenure, with main focus on terraced houses.
The acquired property Bälinge Ekeby 1:2 is adjacent to Aros Bostad's existing property Gystad 1:13. The zoning plan, which embraces both properties, is expected to gain legal force during the first quarter of 2023. The production start is estimated for the second quarter of 2023.
The property is acquired through a joint venture (50/50) with Profura Fastigheter AB. The seller is Södra mark och hus AB.
Magnus Andersson, CEO Aros Bostad:
"It feels good to expand our building rights portfolio with another 200 residential units in Uppsala. We see a strong demand of terraced houses in Bälinge, and this deal is a great complement to our existing property within the area. The acquisition is also fully in line with our strategy to increase the production volumes in the residential housing segment."
Aros Bostad's Certified Adviser for Nasdaq First North Growth Market is Erik Penser Bank. Financial information is to be found at www.arosbostad.se/investerare
This disclosure contains information that Aros Bostadsutveckling AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 22-09-2021 20:11 CET.