Hemfosa Fastigheter finalizes acquisition of community service properties in Norway

As previously announced, Hemfosa reached a conditional agreement in December 2015 regarding the acquisition of the Statens Park area in the Municipality of Tønsberg, south of Oslo. The transaction, valued at approximately MSEK 420, has now been finalized and possession will be taken on January 28, 2016.

The acquisition includes nine properties and a parking garage with a total of approximately 30,000 sqm of leasable area, in addition to a number of sites covering about 42,000 sqm of land. The sellers are Tore W. Solum Holding AS and Lisa M. Røgeberg Holding AS.

For further information, please contact:

Simon Venemyr Ottersland, COO Norway, simon.ottersland@hemfosa.se, mobile + 47 917 95 216

About Hemfosa Fastigheter

Hemfosa is a Swedish property company with a well-balanced and geographically diversified property portfolio focusing on a high proportion of 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 September 30, 2015, Hemfosa owned properties with a total property value of approximately SEK 30.8 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: