Hemfosa Fastigheter acquires a community service property in Oslo at a value of SEK 725 million

Hemfosa Fastigheter is acquiring a community service property in Oslo at an underlying property value corresponding to SEK 725 million. The seller is a Norwegian syndicate. Earlier this year, Hemfosa took an initial step into the Norwegian market through the acquisition of six community service properties, also in the Oslo region. The aim for 2015 is to evaluate further transactions in Norway.

The tenant of the acquired property is the state authority Arbeids- och Velferdsforvaltningen (Norwegian Labor and Welfare Administration). The leasable area totals approximately 20,000 sqm and the property is fully leased. The remaining lease term, calculated from year-end 2014, is 8.2 years. Possession will be taken on February 27, 2015 at the latest.

“This is our second acquisition in the Norwegian market in a short period of time, and we continue to see excellent growth potential for Hemfosa in Norway in the segment of community service properties”, comments Hemfosa’s CEO, Jens Engwall.

For further information, please contact:

Lars Thagesson, COO, lars.thagesson@hemfosa.se, mobile phone +46 70-592 94 70, 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.

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