Hemsö acquires university property in Vaasa

Hemsö has acquired the university property Academill in the Finnish city of Vaasa. The main tenant in the property is Åbo Akademi.

The purchase price amounts to EUR 35.5 million. The tenant, Åbo Akademi, is Finland’s Swedish-language university. The property’s lettable area comprises approximately 18,500 sqm and the remaining lease period is approximately 12 years.

-  Finland is an important market for Hemsö and we want to grow in the education segment. This is our first university property in Finland and represents a valuable addition to the education properties we already own. We now own some 30 properties in Finland in the education and nursing homes segments, says Jarkko Leinonen, Country Manager Finland at Hemsö.

Academill houses the faculty for Education and Welfare Studies, which trains Swedish-speaking teachers in Finland. The sellers are Åbo Akademi University Foundation and Harry Schauman Foundation. The property will be transferred to Hemsö immediately. Leimdörfer and Avance served as advisors for this transaction.

For more information, please contact:

Nils Styf, CEO                                                                           +46 8 501 170 00
Jarkko Leinonen, Country Manager Finland                             +358 400 150841

Hemsö is Sweden’s leading private owner of properties for community services. The business is based on owning, managing and developing properties for nursing homes, education, care facilities and premises for the legal sector. 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 is the majority owner. The total value of Hemsö’s property portfolio is SEK 30.2 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015. More information can be found at: www.hemso.se

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