Hemfosa Fastigheter and Sagax transfer properties to Söderport for MSEK 399
Hemfosa and Sagax have agreed to each transfer three properties to the companies’ joint venture, Söderport Fastigheter. The transaction will have a marginal impact on Hemfosa’s profit from property management and its financial position, but will create a platform for more efficient management of the properties. All of the properties are situated in Stockholm and the majority are directly adjacent to Söderport’s existing portfolio.
The properties are being transferred to Söderport for MSEK 399, which corresponds to the externally assessed market value on 30 September. Of the purchase consideration, Hemfosa’s properties account for MSEK 206 and Sagax’s for MSEK 193. The six properties comprise a combined total leasable area of 38,400 square meters and are located in Farsta, Västberga, Åkersberga and Årsta.
The transfers will take place in company form and possession is scheduled to take place on December 1.
For further information, please contact:
Stina Lindh Hök, Head of Transactions, firstname.lastname@example.org, mobile +46 70 577 18 85, office +46 8 448 04 80
About Hemfosa Fastigheter
Hemfosa is a Swedish property company focusing on community service properties in the Nordic region with its largest tenants being the Swedish state and municipalities. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. As per September 30, 2016, Hemfosa owned properties with a total property value of approximately SEK 36.7 billion, including the company’s share of the property value in joint ventures. Hemfosa’s common share has been listed since March 2014 and Hemfosa’s preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se