Keep the backlinks and the popularity of the purchased Domain

[karolinat]

Hi Friends & Webmasters,

i have a problem and hope that you can help me.

I've got a domain page1 c o m about the topic "presents".

There is on competitor with a similar domain name. Its possible to buy this domain since yesterday.
It is the domain Page2 c o m

Now i've bought the domain Page2 c o m and will host it on the same IP like page1 c o m

So the Page2 com is on the same IP and the same server like page1 c o m

Now I want to forward the domain Page2 com through 301 to page1 c o m

Does this work in terms of SEO? I want to keep the backlinks and the popularity of the purchased
Page2 c o m for the old domain page1 c o m

Will this method work out for Google? What do i have to keep in mind and take care of?

Thanks in advance.

Karolinat