New actor on Gothenburg’s property market
Oscar Properties is establishing in Gothenburg after it purchased a development property in Annedal. The purchase price totals 65 million kronor (about 6.8 million euros) and the plan is to build 100-150 apartments. The company sees good possibilities for developing modern and attractive homes in collaboration with the City of Gothenburg and other local stakeholders.
“It’s good for Gothenburg that new actors enter the region’s property and housing market. We are also delighted that we have been able to assist with the establishment and see great development opportunities,” says Patrik Andersson, CEO at Business Region Göteborg.
The property Annedal 23:33 is Oscar Properties first acquisition outside of Stockholm and is part of the company’s strategy to continue its profit growth.
“The price development for apartments in Gothenburg is strong. Through this acquisition we have created conditions to establish ourselves on this very interesting Gothenburg market,” says Oscar Engelbert, CEO at Oscar Properties.