Neobo divests property with a high vacancy rate in Eskilstuna
Neobo Fastigheter AB (publ) divests the property Navigatören 11 in Eskilstuna at an underlying property value of SEK 150,5 million, which is in line with the most recent external valuation.
The property is located in Årby, an area classified by the Swedish Police Authority as a vulnerable area, comprising a total lettable area of 12,150 sq. m, of which 8,210 sq. m are residential and 3,940 sq. m are commercial premises.
The underlying property value of SEK 150.5 million is in line with the most recent external valuation. The transaction was carried out in a corporate form, with a fixed deduction for deferred tax amounting to SEK 5.5 million. The buyer is Victoriahem and closing will take place at the end of November 2025.
The property has a residential vacancy rate of 46 percent. Following the divestment, Neobo’s residential vacancy rate decreases by 0.6 percentage points to 5.1 percent, while the total vacancy rate declines from 6.9 percent to 6.5 percent.
- We continue to optimize our portfolio, this time by divesting a property with a high vacancy rate in a challenging area. We are pleased that Victoriahem, with their strong local presence in Eskilstuna, is acquiring the property and will continue to develop it further. The sale frees up capital that we will use for value-creating apartment renovations and energy optimization measures in our property portfolio, says Ylva Sarby Westman, CEO of Neobo.
Following the transaction, Neobo owns four properties in Eskilstuna with a total lettable area of 4,310 sq. m.
