Hemsö acquires minority shareholding in University Properties of Finland Ltd (SYK)
Hemsö is acquiring 1.53 per cent of the shares in University Properties of Finland Ltd and will become a minority shareholder. The investment amount is EUR 15 million, or EUR 389 per share.
University Properties of Finland (Suomen Yliopistokiinteistöt Oy, SYK) is owned by the Finnish state and the nine universities that also rent the premises of the properties owned and managed by SYK. Hemsö has negotiated with the University of Vaasa to acquire its shareholding of 1.53 per cent, and thereby will become the first private shareholder.
“SYK is a great company with an excellent campus portfolio and a unique role in Finnish university education and research, as well as innovation infrastructure. We are very happy about becoming a shareholder and to be making a further contribution to the company’s development in an exciting phase ahead,” says Jarkko Leinonen, Head of Region, Finland at Hemsö.
“I am very pleased now that the long-term and strategy-driven process has been concluded. It’s great that we have found a stable and professional buyer of SYK’s shares. The sale promotes the strategic objectives of the university. One of these is an ongoing campus project and the purchase consideration covers a significant portion of the budget of more that EUR 20 million,” says Jari Kuusisto, Rector of the University of Vaasa.
About SYK
SYK owns 15 university campuses with around 110,000 students, comprising 210 properties in 11 cities across Finland. The property portfolio comprises a lettable area of 1.3 million sqm. The largest tenants include Tampere University, Tampere University of Technology, the University of Turku, the University of Oulu and the University of Jyväskylä.
For more information, please contact:
Nils Styf, CEO +46 8 501 170 01
Jarkko Leinonen, Head of Region Finland +358 40 015 0841
Hemsö is Sweden’s leading owner of properties for public use. The business is based on sustainably owning, managing and developing properties for nursing home, education, health care and the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund (AP3) is the majority owner. The total value of Hemsö’s property portfolio is SEK 75.7 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015 while it has an A+ rating from Fitch Ratings since March 2021. More information can be found at: www.hemso.se.
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