press release

Holmström Fastigheter, Slättö and Latona enter into cooperation regarding Klippudden Fastigheter with the goal of reaching ten billion within five years

Holmström Fastigheter Holding AB (publ) ("Holmström Fastigheter"), Slättö Core Plus AB ("Slättö") and Latona Fastigheter AB ("Latona") are establishing a JV company with respect to the ownership of Klippudden Fastigheter AB ("Klippudden").

After the transaction, the JV will be owned (directly or indirectly) 50% by Slättö, 47.5% by Holmström Fastigheter and 2.5% by Latona.

Klippudden's property portfolio has a total value (including properties not yet acquired) of approximately SEK 1.7 billion, which is more than SEK 100 million above the last reported book value.

The parties' ambition with the cooperation is for Klippudden's property portfolio to grow to a property value of SEK 10 billion within a five-year period. Slättö will provide the majority of the capital for the acquisition of Klippudden and its expansion.

Holmströmgruppen will remain as manager of Klippudden. Gustav Carp, owner of Latona, will take over as CEO of Klippudden, which also means that he will leave his position as transaction manager at Holmströmgruppen.

"We have a long and successful cooperation with Slättö. Now we look forward to continuing this cooperation through Klippudden where we can build great value over time", says Fredrik Holmström, Chairman Holmström Fastigheter

"We are impressed by how the team at Holmströmgruppen has built up Klippudden over the past few years. Klippudden provides a solid platform to scale our investment in older housing stock with a focus on active management and value-creating investments, especially green investments for reduced climate impact." says Christian Bratt, Business Area Manager Residential and Jonas Andersson, Vice President Slättö

"Together, we believe that Klippudden has very good prospects to grow into one of the major players in its segment." says Johan Karlsson, CEO Slättö

"After six very expansive and rewarding years, it now feels very good to take the next step in Klippudden's journey together with Slättö." concludes Gustav Carp, CEO Klippudden