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Nordic Update
Victoria Park aims for 1 billion SEK in acquisitions in 2019
Publicerad: 7 december 2018, 18:48
Per Ekelund, CEO of Victoria Park. Photo: Victoria Park.
Victoria Park has published an income forecast for 2019 where the company assumes to buy properties for at least 250 million SEK per quarter, a total of 1 billion SEK for the year in total. Moreover, Victoria Park predicts that the income from property management will amount to 500 to 550 million SEK.
The decision to publish a forecast during the incumbent year is a result of Victoria Park now being a part of German Vonovia and operates accordingly.
The prognosis is based on the property portfolio at the end of Q3, consisting of 1,110,000 sq.m. and 14,051 apartments. The value of the portfolio was estimated at 17.4 billion SEK. Victoria Park has announced its ambition to grow to 20 billion by the end of 2020.
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