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Sveafastigheter AB ( (SE:SVEAF) ) has issued an update.
Sveafastigheter has commenced construction on a new residential project comprising 131 apartments in central Västerås, aligning with its strategy to expand through profitable new production projects. The development will transform a former commercial area into a vibrant residential space with rental apartments, green spaces, and amenities, contributing to the urban development of Västerås and expected to generate significant rental income upon completion.
The most recent analyst rating on (SE:SVEAF) stock is a Hold with a SEK39.00 price target. To see the full list of analyst forecasts on Sveafastigheter AB stock, see the SE:SVEAF Stock Forecast page.
More about Sveafastigheter AB
Sveafastigheter is a Swedish company that owns, manages, and develops residential properties, focusing on rental apartments in growth regions across Sweden. The company emphasizes sustainable housing development where housing demand is high, maintaining a strong local presence and commitment.
Average Trading Volume: 545,109
Technical Sentiment Signal: Buy
Current Market Cap: SEK7.94B
See more insights into SVEAF stock on TipRanks’ Stock Analysis page.