Hemfosa Fastigheter´s joint venture Söderport invests MSEK 352
Söderport Fastigheter AB, in which Hemfosa and Sagax are equal owners, acquires 15 properties for MSEK 352. The properties comprise a rentable area of 82 000 square meters consisting of facilities for production and storage.
Of the investment is 60 percent of the property value located in Stockholm and the remaining properties are located in central and northern Sweden. The occupancy rate is 91 percent with a average lease of about 4.6 years. The initial yield is estimated at 7.5 percent.
In addition to the above Söderport acquires a property which is immediately resold without financial impact.
The properties are acquired from Kungsleden AB and the transfers take place in corporate form. Possession will be taken in the first quarter of 2017.
For further information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile +46 70 690 65 50, office +46 8 448 04 80