Hemfosa is acquiring two properties in Kristianstad and divesting two properties in Partille and Gothenburg as part of a combination transaction with Klövern. 

Hemfosa has reached agreement concerning the acquisition of two properties in Kristianstad with an underlying property value of SEK 120 million. The transaction pertains to an office property located in the center of Kristianstad and a public property located in the Östra Kasern area. They comprise a combined total of approximately 18,800 square meters of leasable area.

Hemfosa has simultaneously entered into an agreement concerning the sale of a transaction property in Gothenburg and an office property in Partille with an underlying property value of SEK 60 million. The properties’ combined leasable area totals approximately 12,900 sqm.

Access to/handover of the properties will occur on June 2, 2014. Hemfosa’s net investment amounts to SEK 60 million and will increase the company’s earnings capacity by an estimated SEK 5.6 million per year.

“We are swapping properties so that we will receive a public service property and simultaneously obtain land that is important to our efforts to proceed with the development of a new judicial center in Kristianstad,” says Jens Engwall, CEO of Hemfosa Properties AB.

For further information, please contact:

Lars Thagesson, COO, [email protected], mobile +46 70-592 94 70, office +46 8-448 04 80

Jens Engwall, CEO, [email protected], mobile +46 70-690 65 50