Hemfosa Fastigheter finalizes divestment of logistics properties
As previously announced, Hemfosa Fastigheter reached a conditional agreement in December 2014 regarding the sale of logistics properties. The transaction has now been finalized and the sale of logistics properties at a value of approximately SEK 900 million will be implemented on February 2, 2015.
The sale comprises nine logistics properties in eight locations in southern, western and central Sweden encompassing a total of about 116,000 sqm of leasable area. The purchaser is Estancia Fastigheter.
Hemfosa’s strategy is to proactively optimize its property portfolio and to grow primarily in the community services property segment.
“Hemfosa pursues the ambition of implementing transactions that make good business sense, strengthen our position in community service properties and streamline complex property portfolios – and this transaction makes good business sense,” says Jens Engwall, CEO of Hemfosa Fastigheter.
For further information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile phone +46 70-690 6550, office +46 8-448 04 80
About Hemfosa Fastigheter
Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio focusing on community service properties with the State and municipalities as the largest tenants. This provides stable cash flows and a healthy yield. In conjunction with value creation, Hemfosa also aims to actively participate in the transaction market. At September 30, 2014, Hemfosa owned commercial properties in Sweden with a total property value of approximately SEK 20.5 billion, including the company’s share of the property value of joint ventures. The company’s share has been listed on Nasdaq Stockholm Mid Cap since March 21, 2014. Read more at www.hemfosa.se.