Hemfosa is acquiring public properties in Sundsvall, with Mittuniversitetet, Mid Sweden University, as the largest tenant. The seller is Akademiska Hus.
Hemfosa has reached an agreement concerning the acquisition of the Åkroken 1 and Västhagen 1 properties in Sundsvall at an underlying property value of SEK 582 million. The properties, which have a central location in Sundsvall and comprise approximately 33,000 sqm of leasable area, are fully leased to Mid Sweden University, the International English School and SCA Research. After the acquisition, Hemfosa owns properties comprising approximately 92,000 sqm of leasable area in Sundsvall.
The acquisition is estimated to generate a positive impact of approximately SEK 20 million on Hemfosa’s earnings capacity, on an annual basis. The date of taking possession will be June 2, 2014.
“The acquisition of the premises in Sundsvall leased by Mid Sweden University and the English School is in line with Hemfosa’s strategy of growing in the public properties segment. We look forward to developing the area additionally together with the tenants,” says Jens Engwall, CEO of Hemfosa Properties AB.
About Hemfosa Fastigheter
Hemfosa Fastigheter is a Swedish property company with a property portfolio characterized by a balanced geographic spread and a high proportion of public properties, with government and municipal administrations as the largest tenants. This generates stable revenue flow and a healthy yield. At the same time, value is created through active participation in the transaction market. Hemfosa Fastigheter owns commercial properties in Sweden with a total property value of of approximately SEK 18.5 billion, including the company’s share of the property value in joint ventures. The company’s share has been listed on NASDAQ OMX 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 May 19, 2014 at 8.30 a.m. CET.