SSM Holding AB
SSM: Decision in dispute in Stockholms District Court between Brf West Side Solna and homebuyers
Stockholms District Court has today announced its decision in the
dispute between Brf West Side Solna and a couple that had signed a
pre-purchase agreement to buy a cooperative apartment.
The court denied all the buyers claims and ruled in favor of Brf West
The buyers had requested the District Court to order the housing
association to repay their SEK 25,000 deposit and certain interest.
In the proceedings, the buyers claimed that the pre-purchase
agreement was invalid due to non-compliance with certain formal
requirements prescribed by law, and that the buyers, in the
alternate, had a right to terminate or rescind the agreement. The
buyers also sought compensation for their litigation fees.
In its judgment, the District Court confirmed Brf West Side Solnas
assessment that the pre-purchase agreement was valid and held that
the rescindment/termination was unfounded. The judgment also
confirmed that Brf West Side Solna is entitled to damages due to the
couples refusal to enter into a purchase agreement and ordered the
couple to pay the litigation costs incurred in the dispute.
The apartments in Brf West Side Solna are expected to be ready for
moving in during the third quarter 2019.
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Phone: +46 761 65 17 71
About SSM Holding AB (publ)
SSM produces functionally smart and affordable homes with attractive
common areas, close to public transport and the city center for the
companys target group - the urbanites of tomorrow. The company
envisions a housing market that is accessible to as many people as
possible and aspires to produce 50 percent cooperative apartments and
50 percent rental units. SSM is the leading property developer in its
niche within the Greater Stockholm area and at end of March 2019, the
company has approximately 6,200 building permits in its portfolio.
SSM has been listed on Nasdaq Stockholm (Small-Cap) since April 6,