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The latest announcement is out from Sveafastigheter AB ( (SE:SVEAF) ).
Sveafastigheter has opted not to proceed with the Kandelabern construction project in Skellefteå, transferring ownership of the property to the municipal housing company Skebo. This decision will result in the removal of 178 rental apartments from Sveafastigheter’s project portfolio in the third quarter, potentially impacting their growth strategy and market positioning.
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 company that owns, manages, and develops residential properties, focusing on rental apartments in growth regions across Sweden. Their operations emphasize local presence and commitment, with a particular focus on developing sustainable housing where demand is highest.
Average Trading Volume: 380,061
For an in-depth examination of SVEAF stock, go to TipRanks’ Overview page.