Hemfosa Fastigheter in negotiations with Castellum concerning acquisition of properties at a value of about SEK 2 billion

Hemfosa negotiates with Castellum regarding the acquisition of 54 properties in southern and western Sweden at an underlying property value of approximately SEK 2 billion.

In total, the property portfolio comprises approximately 280,000 sqm of leasable area distributed among public properties, office properties and logistics properties in Växjö, Värnamo and Gothenburg.

The planned acquisition is a step in Hemfosa’s growth strategy and, should the acquisition be realized, the property portfolio will contribute stable cash flows.

An agreement of acquisition is expected to be signed in November 2014.

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 property company with a property portfolio characterized by a balanced geographic spread and a high proportion of community service properties with the government and municipalities as the largest tenants. This generates stable revenue flows and a healthy yield. Hemfosa also aims to create value by actively participating in the transaction market. As of September 30, 2014, Hemfosa owns commercial properties in Sweden with a total property value of approximately SEK 20.5 billion, including the company’s share of the property value in joint ventures. The company’s share is listed on the Nasdaq Stockholm Mid Cap exchange as of 21 March 2014.

Tags: