Hemsö purchases two properties for SEK 255 m
Swedish community services property company Hemsö is purchasing two properties for a total purchase price of approximately SEK 255 m including transaction costs. Their property yield amounts to about 7.1%.Hemsö is 50:50 joint owned by listed Swedish property company Kungsleden AB (publ) and AP3 (the Swedish Third Pension Insurance Fund). The first property is a retirement home in Berlin, Germany, with leasable area of around 6,950 sq.m. The remaining contract term is 16 years and completion is scheduled for 1 January 2013. The second property is a local police station with leasable