Hemfosa to divest property with an underlying value of approximately SEK 1 billion

Hemfosa has signed an agreement to divest the Kungsängen 15:1 property in Uppsala, Sweden, with an underlying property value of approximately SEK 1 billion. The sale will free up capital for investments in interesting property transactions, with the aim of achieving a high and stable return.

The property, which is included in the subsidiary Nyfosa’s commercial property portfolio, is located in central Uppsala and encompasses a leasable area of 24,541 square meters consisting of office premises, with Nordea Bank, the Swedish Employment Service and Bjerking AB as the largest tenants. The property is being acquired by Bonnier Fastigheter AB. 

The transaction is conditional on the purchaser’s financing and is expected to be finalized in July. The property is due to be vacated on August 31, 2018. 

“We have achieved a favorable transaction by divesting a commercial property in a strong market. The capital freed up by this sale will be used to focus on new investments contributing to an increased earnings capacity,” says Jenny Lindholm, acting Head of Transactions at Hemfosa. 

For further information, please contact: 

Jenny Lindholm, acting Head of Transactions, jenny.lindholm@hemfosa.se, mobile: +46 70 660 81 77, switchboard: +46 8 448 04 80

About Hemfosa Fastigheter

Hemfosa is a Swedish property company focused on community service properties in the Nordic region, with the Swedish state and municipalities as its largest tenants. This provides stable revenue flows and a healthy yield. Hemfosa also aims to create value through active participation in the transaction market. As per March 31, 2018, Hemfosa owned properties with a total property value of approximately SEK 45 billion. The company’s ordinary share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se

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