Hemfosa acquires property portfolio with a value ofapproximately SEK 3.6 billion
Hemfosa has acquired a property portfolio comprising office space, warehouses and logistics properties in growth municipalities and transport hubs in Sweden with a total value of approximately SEK 3.6 billion. The acquisition concerns a portfolio of commercial properties that will become part of the subsidiary Nyfosa.
The property portfolio comprises 51 properties totaling approximately 460,000 square meters with an gross rental income (annual rental income including all supplements) of MSEK 318. The properties are located in 17 towns and cities, mainly in central and southern Sweden, including Stockholm, Malmö, Västerås, Borås and Lund. Tenants include Speed Logistics, DHL Nordic, Haldex Brake Products and PostNord Sverige and the average remaining lease term is 3.4 years. The expected date of transfer for the properties is September 13, 2018. Scius Partners has represented the seller as their local operating partner. The acquisition is subject to the condition that the Swedish Competition Authority (Sw. Konkurrensverket) decides to approve or leave the acquisition without action.
“This is a portfolio that generates high earnings and is an ideal fit with the strong portfolio of commercial properties we own, in addition to our community service properties, and that we have gathered together in the subsidiary Nyfosa ahead of the intended division of the Group. The properties are a good geographical complement to the commercial portfolio and also in the offices and warehouse/logistics property categories. The transaction also provides us with an opportunity to resell certain properties in combination with the existing portfolio,” says Jens Engwall, CEO of Hemfosa.
For further information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile +46 70 690 65 50, office +46 8 448 04 80