Hemfosa Fastigheter’s joint venture Söderport invests, and renews leases

Söderport Properties AB, which Hemfosa Fastigheter owns equally with AB Sagax, has signed an agreement for the renovation and refurbishment of sections of Volvo Cars’ office and business premises in Torslanda. In connection with this, the leases have been renewed.

Söderport is expected to invest MSEK 110 in the premises. The leases have been renewed until 2025 and 2028, respectively. Future rental value amounts to MSEK 770.

Söderport acquired the properties from the Volvo Group in March 2014.

For further information, please contact:

Jens Engwall, CEO, jens.engwall@hemfosa.se, mobile +46 (0)70-690 6550, Switchboard +46 8 448 04 80

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 commercial properties in Sweden 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.