Söderport Fastigheter, owned by Hemfosa Fastigheter and Sagax, acquires a property portfolio from companies within the Volvo Group
Söderport Fastigheter AB, jointly owned by Hemfosa Fastigheter AB (publ) (Hemfosa) and AB Sagax (publ), has on 27 March 2014 entered into agreements with companies within the Volvo Group to acquire a property portfolio of 12 properties comprising a total lettable area of approximately 300,000 sqm and land of approximately 900 000 sqm for a total consideration of SEK 1.8 billion. The properties, which are mainly located in Torslanda, Gothenburg, mainly comprise warehouses, industrial properties and offices. The rest of the properties are located in the middle and southern parts of Sweden and mainly comprise service stations.
The acquisition increases the earnings capacity of Söderport Fastigheter AB by approximately SEK 100 million on a yearly basis, of which approximately SEK 50 million is attributable to Hemfosa. The acquisition is conditional on approval from the competition authority in Sweden. The transaction is expected to close during the second quarter of 2014.
”This is yet another good and interesting transaction for Hemfosa, in line with our strategy to carry out complex transactions in the Swedish real estate market”, says Jens Engwall, CEO of Hemfosa.
For more information, please visit www.hemfosa.se or contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile: +46 706 90 6550
Karin Osslind, CFO, email@example.com, mobile: +46 707 94 9337
Hemfosa Fastigheter AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 28 March 2014 at 08:30.