Poland
Heimstaden Bostad made its first investment in Poland in December, 2020, followed by additional acquisitions in 2021. In May, Heimstaden Bostad expanded its portfolio with the 3.1 billion acquisition of a newbuild project for 2,496 homes throughout five of the largest cities in Poland: Warsaw, Krakow, Wroclaw, Poznan and Gdansk - economic hubs in their regions and encompassing Poland’s most populated and prosperous areas.
The Polish economy has developed positively over the last decade. Warsaw is expected to be among the fastest growing European cities over the coming years, with a rising population and increasing household income.
Newbuild Portfolio:
Homes: 3,839
Commercial Area: 8,193 sqm
Est. GRI p.a.: SEK 363.7 million
Completion: Q1 2022-Q1 2025
2 billion
Investment Properties
Key Figures
|
|
Q4 2023 |
Q3 2023 |
Q2 2023 |
Q1 2023 |
Q4 2022 |
Rental income |
SEK m |
24.1 |
21.1 |
15.1 |
8.8 |
5 |
Net operating income |
SEK m |
15 |
12.5 |
9.9 |
4 |
-1 |
Net operating income margin |
% |
64.4 |
59.1 |
65.1 |
43.5 |
n/a |
Like-for-like rental income growth |
% |
n/a |
n/a |
n/a |
n/a |
n/a |
Real economic occupancy |
% |
98.0 |
97.1 |
92.4 |
96.3 |
81.8 |
Capital expenditures |
SEK m |
18 |
32 |
33 |
50 |
0 |
Fair Value of Investment Properties
SEK million
Rental Income
SEK million
Net Operating Income Margin
Last 12 Months, %