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SSM’s Täby Turf rental project taken over by Willhem

Today, the company behind SSM’s rental project Täby Turf was taken over by housing company Willhem. Willhem acquired the project from SSM through forward funding on October 15, 2018. Upon completion, the project, which includes 178 rental apartments as well as commercial space and a daycare center, will have a total property value of approximately 473 MSEK. Consequently, SSM will begin to apply the percentage of completion method, which is expected to continue until the fourth quarter 2021. During the third quarter 2019, the transaction will have a slightly positive effect on SSM’s cash flow

Source: SSM’s Täby Turf rental project taken over by Willhem

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