Conditions for Söderport's sale of properties to Torslanda Property Investment fulfilled
As announced through a press release on July 10, 2019, Nyfosa's joint venture Söderport Holding AB, which is owned equally by Nyfosa and Sagax, has agreed to transfer six properties in Torslanda to the listed one-property company Torslanda Property Investment AB ("TPI").
The transaction was subject to approval by the Extraordinary General Meeting of TPI. At the Extraordinary General Meeting on August 22, 2019, the transaction was approved and the condition for the transaction is thus fulfilled.
Closing date is expected to take place on October 1, 2019.
For more information, please contact:
Jens Engwall, CEO, email@example.com, tel: +46 706 906 550
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The goal is to develop and add value to a growing property portfolio while generating sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of June 30, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 15.7 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.