Hemfosa is continuing to establish its presence in Finland and is acquiring a community service property in Turku at an underlying property value of about MSEK 158. The company will acquire three properties in Sweden at an underlying property value of MSEK 98. The bulk of Hemfosa’s operations are currently based in Sweden and the company has a growing property portfolio in Norway and Finland.
Acquisition in Finland
The transaction in Turku comprises a property located in the center of the city comprising a total leasable area of 6,863 sqm. The property is fully leased with Turku Municipality as a tenant. The lease extends for about 17 years and the annual rental income is approximately MSEK 12. The property is currently being completely refurbished and is expected to be ready on January 1, 2017. The seller is Turku Technology Properties Ltd.
Acquisitions in Sweden
The acquisitions in Sweden comprise three school properties – two in Falkenberg and one in Älmhult, at an underlying property value of about MSEK 98 and a total leasable area of 4,164 sqm. The properties are fully leased to mainly school operators, with Thoren Framtid AB as the largest tenant. The average lease extends for about 12 years and the annual rental income is approximately MSEK 8.
“We are pleased to complete further acquisitions of high-quality community service properties with established tenants and long leases. It is particularly gratifying that we are taking the next step in the Finnish market, where we made our first acquisition one year ago and have now established our own presence. We are positioned to make further acquisitions in all three of our markets,” comments Stina Lindh Hök, Head of Transactions at Hemfosa.
For further information, please contact:
Stina Lindh Hök, Head of Transactions, [email protected], mobile +46 70 577 18 85, office +46 8 448 04 80