Stockholm (NordSIP) – Brunswick Real Estate, in partnership with Länsförsäkringar Liv Försäkringsaktiebolag and Länsförsäkringar Fondliv Försäkringsaktiebolag, launched Bohild Fastigheter AB. Länsförsäkringar Liv and Länsförsäkringar Fondliv are financing the company with risk capital, but do not own any shares in the company.
Bohild is a long-term property owner with a focus on housing and community properties. It has recently completed two acquisitions of 157 apartments in Falun and Borlänge and hopes to grow its property portfolio to five billion over the coming three years. The company aims to achieve significant CO2 savings through a large selection of energy-improving measures. The focus is on centrally located housing and community properties in small and medium-sized growth cities.
“The ideas behind the company have been developed by Brunswick and Länsförsäkring Liv in co-operation. The discussions intensified in 2020 once the draft Taxonomy regulation was published. Bohild aims to identify residential and community service properties in small to medium size growth cities across Sweden with attractive locations and energy efficiency potential. The first residential properties have been acquired in Falun and Borlänge during the fall of 2021,” Kristofer Dreiman, Head of Responsible Investments at Länsförsäkringar tells NordSIP.
During the autumn, Bohild completed two transactions where the company acquired four properties with a total of 157 apartments in Borlänge and Falun. In connection with the first acquisition, Bohild entered into a management collaboration and co-ownership with the family company Englundsbostäder. Bohild intends to establish similar administrative arrangements with local actors.
“Bohild complements Brunswick’s six existing investment mandates well. At Brunswick, we have a clear focus on measurable environmental and social improvement measures in our properties and we are very pleased that Länsförsäkringar is with us on this journey and shares our values,” says Patrik Andersson, CEO of Brunswick.
“Bohild complements our existing real estate portfolio and contributes at the same time to our target to reduce the carbon emissions from our portfolios with 50% by 2030 at the latest. Reducing the actual emissions from existing properties is a great way of making a real and measurable impact. Over time we aim to increase the taxonomy aligned revenues from Bohild through energy efficiency improvements, renovations and installations of renewable energy technologies,” dreiman concludes
