Hemfosa Fastigheter acquires community serviceproperty in Norway at a property value of MNOK 118
Hemfosa Fastigheter acquires Tunsberghus Eiendom AS in central Tønsberg municipality in Norway at an underlying property value of MNOK 118. Hemfosa already owns the Statens Park area in Tønsberg, and is further strengthening its position in community service properties in the region through this acquisition.
Hemfosa is acquiring a property, on Olav Trygvasonsgate 4, with a total leasable area of 8,185 sqm in Tønsberg Municipality, which is a densely populated and expanding area south of Oslo. The leasing rate is about 75 percent and primarily comprises public services, with the children’s, youth and family directorate (Bufetat) as the largest tenant. The total rental value is approximately MNOK 9.5. The property was transferred today, July 6, 2017. The contract has a duration of approximately five years. In conjunction with its increasing presence in the municipality, Hemfosa has recruited another property manager in Tønsberg to ensure a high level of service for the company’s tenants.
“Tønsberg is both a significant and growing hub in the Vestfold Telemark region and a strategically important area with extensive public services. Hemfosa has major ambitions for growth in Vestfold and wants to contribute to strengthening Tønsberg as a regional center by developing innovative and attractive office complexes,” says Simon Venemyr Ottersland, COO of Hemfosa Norway.
For further information, please contact:
Simon Venemyr Ottersland, COO Norway, email@example.com, mobile phone +47 917 95 216
About Hemfosa Fastigheter
Hemfosa is a Swedish property company focusing 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, 2017, Hemfosa owned properties with a total property value of approximately SEK 35.8 billion. The company’s ordinary share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.