Hemfosa announces its intention to carry out several property acquisitions
Hemfosa Fastigheter is currently conducting negotiations regarding acquisitions of several properties and property portfolios for a total value of approximately SEK 5 billion. Letters of intent have been entered into for some of these, whereof one acquisition corresponds to a substantial part of the total value of approximately SEK 5 billion. The most substantial acquisition relates to a diverse property portfolio that is intended to be a part of the subsidiary Nyfosa. The other planned acquisitions mainly concern community service properties. According to the current timetables, the intention is to enter into binding agreements regarding the acquisitions during June 2018.
Hemfosa elects to disclose its intention to carry out these acquisitions due to the ongoing process to split the group into two listed companies; Hemfosa with community service properties and Nyfosa with other properties.
For further information, please contact:
Jens Engwall, CEO, mobile +46 (0)70 690 65 50, email@example.com
About Hemfosa Fastigheter
Hemfosa is a Swedish property company focused on community service properties in the Nordic region, with its largest tenants being the Swedish state and municipalities. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. As per March 31, 2018, Hemfosa owned properties with a total property value of approximately SEK 44.9 billion, including the company’s share of the property value in joint ventures. Hemfosa’s common share has been listed since March 2014 and its preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se