Hemfosa acquires property in Mariestad, Sweden, at a value of MSEK 274
Hemfosa has acquired a property containing schools, healthcare and judicial institutions in Mariestad at an underlying property value of MSEK 274. The acquisition will increase Hemfosa’s presence in Mariestad and strengthen its position as a landlord for community service operations in the municipality.
Hemfosa has acquired a property in central Mariestad that includes 25 buildings, a total lettable area of 26,700 sqm, and 30 hectares of land with green open spaces and two development rights. The property currently houses several schools, healthcare premises and a correctional facility, and the main tenants are the Swedish Prison and Probation Service, Mariestad Municipality and Friskolan Mariestad. The average remaining lease is 4.5 years and the annual rental income is approximately MSEK 20. The property currently has a leasing rate of 81 percent. Ownership of the property was transferred in June 2019.
“The acquisition in Mariestad will increase our presence in the area and strengthen our relationship with important community players. We see significant potential to fill the property’s vacant floor space and the development rights also offer project opportunities in the future. In other words, this is an acquisition that is well-suited to Hemfosa,” comments Anna Alsborger, Head of Transactions at Hemfosa.
For further information, please contact:
Anna Alsborger, Head of Transactions, mobile +46 70 979 45 72, firstname.lastname@example.org
Caroline Arehult, CEO, mobile +46 70 553 80 26, email@example.com
About Hemfosa Fastigheter
Hemfosa is a Swedish property company focused on community service properties in the Nordic region, with the Swedish state and municipalities as its largest tenants. This provides stable revenue flows and a healthy yield. Hemfosa also aims to create value through active participation in the transaction market. At March 31, 2019, Hemfosa owned properties with a total property value of approximately SEK 37 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