Nyfosa acquires properties at a total value of MSEK 826
Nyfosa has acquired properties at a total value of MSEK 826 in three separate transactions. In total, the company has acquired eight properties in Järfälla, Malmö, Härnösand and Sundsvall.
Nyfosa has through three separate transactions acquired five properties with a total value of MSEK 826. The properties, which are located in Järfälla, Malmö, Härnösand and Sundsvall, have an area of approximately 51,916 square meters in total and an annual rental value of MSEK 70.5. Among the largest tenants there are Järfälla kommun, Didaktus Skolor, Gunnar Karlsen Sverige AB and Domstolsverket. The average remaining lease term amounts to 3.8 years. The occupancy rate amounts to 92 percent. Financial closing date for the properties in Malmö was on November 25, 2019 and closing date for the remaining properties is on December 1, 2019. The acquisitions are financed through own cash, utilization of existing credit facility and borrowing of new credit.
“It is fun to be able to continue acquiring at a fast pace through a number of smaller acquisitions. The properties generate high and stable cash flows in combination with some development opportunities, especially in Järfälla.”, says Stina Lindh Hök, COO of Nyfosa.
For more information, please contact:
Jens Engwall, CEO, jens.engwall@nyfosa.se, tel: +46 706 906 550
Stina Lindh Hök, COO, stina.lindh.hok@nyfosa.se, tel: +46 705 771 885
The information was submitted for publication through the agency of the aforementioned contact person on November 26, 2019 at 07:30 CET.
About Nyfosa
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 September 30, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 18.3 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.
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