Nyfosa aqcuires properties in Finland at a value of MSEK 209
Nyfosa has acquired five properties in the Finnish regional cities of Oulu and Tampere. The acquisitions, which mark Nyfosa’s first in Finland, amount to a total value of MEUR 20.6, corresponding to approximately MSEK 209.
The properties have a total area of approximately 21 thousand square meters with an annual rental value of MEUR 2.3, corresponding to approximately MSEK 23. The five properties are located in the regional cities of Oulu and Tampere and consist mainly of light industry, professional retail and special use premises with a number of established companies as tenants. The average remaining contract period amounts to 6.3 years and the occupancy rate is 95 percent. The property management will be handled by Brunswick Real Estate, whose ownership in the acquisition is 10 percent. Closing took place on July 2, 2021.
“We are pleased to have started Nyfosa's journey in Finland with these deals, which contribute with strong cash flows and sustainable rental levels in growing regional cities. The establishment of Nyfosa as an opportunistic property company in the Finnish market continues and the pipeline of potential transactions going forward is robust,” comments Stina Lindh Hök, CEO, Nyfosa.
For more information, please contact:
Stina Lindh Hök, CEO, email@example.com, mobile +46 (0)70 577 18 85
Josephine Björkman, Head of Transactions, firstname.lastname@example.org, mobile +46 (0)70 226 29 62
Nyfosa is a transaction-intensive real estate company that creates value by building sustainable cash flows and constantly evaluating new business opportunities. With our opportunistic strategy, we invest in properties in different geographies and categories. We are currently active on the Swedish and Finnish markets with a focus on commercial properties in high-growth municipalities. We manage and develop our properties in close collaboration with tenants and the surrounding community, with the perspective that sustainability and profitability go hand in hand. As of March 31, 2021, Nyfosa’s property value amounted to approximately SEK 30.6 billion. Nyfosa's share has been listed on Nasdaq Stockholm Large Cap since 2018. Read more at www.nyfosa.se.