Hemfosa acquires the remaining 50 percent of a portfolio of 26 commercial properties from Crown Nordic Management. The portfolio, which contains community-service properties, office and logistics properties in southern and central Sweden, has a total market value of about SEK 1.3 billion.

Hemfosa implemented the first stage of the acquisition of Kronfastigheter in December 2013 through the joint venture Hemfosa Kronfastigheter Holding that is owned equally by Hemfosa and Crown Nordic Management. Hemfosa is now taking the next strategic step in this transaction by exercising an option to acquire the remainder of the portfolio.

The acquired properties encompass a total of approximately 140,000 sqm of leasable area and had an underlying property value of some SEK 1.3 billion on 30 September 2014. Possession was taken on  31 December 2014.

The properties are located centrally in growth districts of southern and central Sweden such as Sundsvall, Gävle, Enköping, Stockholm, Vallentuna, Sigtuna, Norrköping, Linköping, Motala and Uddevalla. The properties in Stockholm, Gävle and Uddevalla account for approximately 70 percent of the property value.

“We are delighted that Hemfosa, following one year of joint development and streamlining of the portfolio together with Crown Nordic Management, can now exercise the option to acquire the remainder of Kronfastigheter. The properties are an ideal fit for Hemfosa’s growing property portfolio both geographically and strategically,” says Jens Engwall, CEO of Hemfosa Fastigheter.

For further information, please contact:
Karin Osslind, CFO, [email protected], mobile phone +46 70-794 9337office +46 8-448 04 80

About Hemfosa Fastigheter
Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio focusing on community service properties with the State and municipalities as the largest tenants. This provides stable cash flows and a healthy yield. In conjunction with value creation, Hemfosa also aims to actively participate in the transaction market. At September 30, 2014, Hemfosa owned commercial properties in Sweden with a total property value of approximately SEK 20.5 billion, including the company’s share of the property value of joint ventures. The company’s share has been listed on Nasdaq Stockholm Mid Cap since March 21, 2014. Read more at www.hemfosa.se.

This constitutes information that Hemfosa Fastigheter AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was issued for publication on January 8, 2015 at 07:30 a.m. (CET).