SSM and Täby municipality agree on the return of 134 building rights

SSM Holding AB (publ) has decided to return the Täby Topasen 4 property to the municipality of Täby for commercial reasons. The property was originally intended to house 134 cooperative apartments within the framework of SSM’s Täby Market project. The municipality will repay down payment corresponding to approximately 8.7 MSEK to SSM during the second quarter 2020.

In 2018, SSM signed a land transfer agreement with the municipality of Täby regarding the Täby Hästen 2  property (today Täby Topasen 4) with the intention of developing housing in the area.

SSM then developed the Täby Market project with 134 cooperative apartments within the property.
For commercial reasons, SSM has decided not to take possession of Täby Topasen 4 and will instead return the property to the municipality of Täby.

During Q2 2020, the municipality will repay down payment of approximately 8.7 MSEK to SSM.     

 

For more information, please contact:
Ann-Charlotte Johansson
EVP Communications & IR
Phone: +46 761 65 17 71
Email: ann-charlotte.johansson@ssmliving.se

Twitter: @anncharlotteSSM

 

 
About SSM Holding AB (publ)
  

SSM produces smart, affordable homes with attractive shared spaces close to public transport and the city center for its target group – tomorrow’s urbanites. SSM envisions a housing market for as many people as possible and today, the company is the leading property developer in its niche within the Greater Stockholm area. On December 31, 2020, SSM had approximately 4,500 building rights in its portfolio. SSM has been listed on Nasdaq Stockholm’s Main List since April 6, 2017. ssmlivinggroup.com