Nyfosa signs a letter of intent regarding acquisition of properties for approximately SEK 8 billion
Nyfosa has today signed a letter of intent with SBB i Norden AB ("SBB") regarding acquisition of property portfolios with a total property value of approximately SEK 8 billion. The properties are mainly offices in Sweden. According to the current timetable, the intention is to enter into binding agreements on acquisitions in March 2020. Nyfosa intends to revert with further information about the acquisition and its financing at the latest when the terms of the acquisition are finally agreed.
Nyfosa chooses to announce the intended acquisition due to SBB’s announcement of the letter of intent.
For more information, please contact:
Jens Engwall, CEO, email@example.com, tel: +46 706 906 550
The information was prior to this release inside information and is information that that Nyfosa AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above on January 17, 2020 at 4:30 p.m. CET.
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.