Hemfosa Fastigheter acquires community service properties valued at MSEK 258.5 and divests logistics properties valued at MSEK 335
Hemfosa Fastigheter is continuing to strengthen its position in the community service properties segment. Through the acquisition of 43 healthcare properties in central Sweden and the divestment of four logistics/industrial properties, the company is further streamlining its property portfolio.
Hemfosa has signed an agreement to acquire 43 community service properties in 29 locations in central Sweden at an underlying property value of MSEK 258.5. The seller is Humana AB, one of Sweden’s leading private healthcare companies with operations in homes for care or residence (HVB), as well as support and service for people with functional impairments (LSS). The properties include a leasable area totaling 30,270 sqm and a triple-net agreement was signed in connection with the transaction for an average lease term of 14 years. Possession will be taken on December 1, 2015.
At the same time, Hemfosa has signed an agreement to divest the properties Märsta 24:4 in Stockholm, Litografen 8 in Eskilstuna, Kryssaren 8 and Isbrytaren 1 in Södertälje, totaling 86,498 sqm of premises, at an underlying property value of MSEK 335. The transaction is being carried out through a sale of the shares in the three property-owning companies. The buyer is Savana, a regional construction and property company. The property will change hands on March 31, 2016.
“Through these two transactions, we are continuing to focus our property portfolio on community service properties, while at the same time divesting properties in non-prioritized segments,” says Stina Lindh Hök, Head of Transactions at Hemfosa Fastigheter AB.
For further information, please contact:
Stina Lindh Hök, Head of Transactions, email@example.com, mobile: +46 70 577 18 85, switchboard: +46 8 448 04 80.
About Hemfosa Fastigheter
Hemfosa is a Swedish property company with a well-balanced and geographically diversified property portfolio focusing on a high proportion of community service properties with the State and municipalities as the largest tenants. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. At September 30, 2015, Hemfosa owned with a total property value of approximately SEK 31 billion, including the company’s share of the property value in joint ventures. The company’s common share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.