Hemfosa Fastigheter acquires additional community service properties in Norway for approximately MSEK 284

Hemfosa is acquiring ten properties and three leaseholds – a total of thirteen preschools – at an underlying property value of approximately MSEK 284. The seller is AcadeMedia.

The acquired preschools are located in the Oslo region and southern Norway, and have a leasable area of 10,345 square meters. The tenant has a 20-year triple net lease. Possession will be taken on June 30, 2015.

“This acquisition will increase and broaden our community service segment in Norway. The tenant is one of the leading preschool companies in the country with well-established business operations, and these leases will generate long-term and stable returns for Hemfosa,” says Jens Engwall, CEO of Hemfosa Fastigheter.

For further information, please contact:

Jens Engwall, CEO, jens.engwall@hemfosa.se, mobile +46 70 690 65 50, 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 order to create value, Hemfosa also aims to actively participate in the transaction market. At March 31, 2015, Hemfosa owned commercial properties in Sweden with a total property value of approximately SEK 30 billion, including the company’s share of the property value in joint ventures. The company’s common share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.

Tags: