Hemfosa Fastigheter acquires public properties and logistics properties at a value of SEK 795 million
Hemfosa Fastigheter is conducting two acquisitions comprising six properties and two site leaseholds in central Sweden with a total underlying property value of approximately MSEK 795, of which about SEK 200 million pertains to public properties. The acquired properties comprise some 94,000 sqm of leasable area and house various tenants, including schools and county council operations.
Hemfosa is acquiring public properties and logistics properties in Falun, Uppsala, Västerås and Eskilstuna comprising slightly more than 89,000 sqm of leasable area from the property company Kilenkrysset. Tenants include Västmanland County Council and a number of major companies. Possession will be taken on October 30, 2014.
In addition, Hemfosa is acquiring two public properties in Örebro Municipality from Larroy Fastighets AB. The total leasable area of these properties slightly exceeds 5,000 sqm and tenants include two independent compulsory schools. Possession will be taken November 5, 2014.
“These acquisitions will strengthen Hemfosa in the prioritised public properties segment, while simultaneously supplementing our property portfolio with modern logistics properties in expansive areas,” says Jens Engwall, CEO of Hemfosa Fastigheter AB.
For further information, please contact:
Jens Engwall, President, jens.engwall@hemfosa.se, mobile phone +46 70-690 6550, switchboard +46 8-448 04 80
About Hemfosa Fastigheter
Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio with a focus on public properties with state and municipalities as the largest tenants. This provides stable cash flows with good yield. In conjunction with value creation, Hemfosa also aims to actively participate in the transaction market. On June 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 OMX Stockholm Mid Cap since March 21, 2014. Read more at www.hemfosa.se.