Hemfosa Fastigheter is acquiring a community service property in Fredrikstad, Norway, at an underlying property value of NOK 700 million, corresponding to approximately SEK 770 million. The seller is a syndicate of Norwegian investors.

The leasable area totals approximately 30,400 square meters. The property’s largest tenant is Østfold University College and the average lease term is 13.7 years, calculated from the beginning of 2015.

Possession will be taken on March 6, 2015 at the latest.

Accordingly, Hemfosa has to date during 2015 acquired a total of eight community service properties in Norway at an underlying property value of about SEK 3 billion.

“We are happy for the opportunity to acquire another excellent community service property in Norway, in an expanding area in Fredrikstad and with close proximity to Oslo,” comments CEO Jens Engwall.

For further information, please contact:

Jens Engwall, CEO, [email protected], mobile phone +46 70-690 6550, office +46 8-448 04 80