Financing secured for Nyfosa’s acquisition of property portfolio for SEK 4.9 billion
As previously announced, Nyfosa signed an agreement on June 10, 2020 for the acquisition of a property portfolio comprising mainly tax-funded tenants at a value of SEK 4.9 billion from SBB i Norden AB.
The transaction is conditional upon financing and the approval of the Swedish Competition Authority. Nyfosa’s financing has now been secured by raising new bank loans. A favorable ruling is anticipated from the Swedish Competition Authority, which is expected to be issued in July.
Closing is scheduled to take place as soon as possible following approval by the competition authority and not later than August 17, 2020.
For more information, please contact:
Stina Lindh Hök, COO, email@example.com, mobile +46 70 577 18 85
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 aim is to develop and add value to a growing property portfolio with sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of March 31, 2020, Nyfosa owned commercial properties with a total property value of approximately SEK 24.8 billion. Read more at www.nyfosa.se.