Hemfosa Fastigheter completes transactions worth SEK 180 million
Hemfosa is acquiring two properties in Kristianstad and divesting two properties in Partille and Gothenburg as part of a combination transaction with Klövern.
Hemfosa has reached agreement concerning the acquisition of two properties in Kristianstad with an underlying property value of SEK 120 million. The transaction pertains to an office property located in the center of Kristianstad and a public property located in the Östra Kasern area. They comprise a combined total of approximately 18,800 square meters of leasable area.
Hemfosa has simultaneously entered into an agreement concerning the sale of a transaction property in Gothenburg and an office property in Partille with an underlying property value of SEK 60 million. The properties’ combined leasable area totals approximately 12,900 sqm.
Access to/handover of the properties will occur on June 2, 2014. Hemfosa’s net investment amounts to SEK 60 million and will increase the company’s earnings capacity by an estimated SEK 5.6 million per year.
“We are swapping properties so that we will receive a public service property and simultaneously obtain land that is important to our efforts to proceed with the development of a new judicial center in Kristianstad,” says Jens Engwall, CEO of Hemfosa Properties AB.
For further information, please contact:
Lars Thagesson, COO, lars.thagesson@hemfosa.se, mobile +46 70-592 94 70, office +46 8-448 04 80
Jens Engwall, CEO, jens.engwall@hemfosa.se, mobile +46 70-690 65 50
About Hemfosa Fastigheter
Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio with a focus on community 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. Hemfosa owns commercial properties in Sweden with a total property value of SEK 18.5bn, including the Company’s share of the property value of joint ventures. The Company’s share is listed on NASDAQ OMX Stockholm Mid Cap since March 21 2014.
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