Hemfosa is divesting five residential properties, which also include certain commercial operations, in Gävle to M2 Gruppen. The transaction will contribute to the continued streamlining of the property portfolio according to the strategy of focusing on community service properties.
Hemfosa has signed an agreement to divest the residential properties Gävle Norr 22:3, Norr 34:2, Norr 35:1, 35:4 and Norr 36:1, totaling 14,256 sqm of leasable area at an underlying property value of MSEK 170. The properties have a leasing rate of 85 percent and the tenants mainly comprise residential tenants, as well as certain commercial operations on the ground floor. Annual rental income amounts to approximately MSEK 13.
The transaction is being carried out through the sale of Hemfosa’s share in two property-owning limited partnership companies. The buyer is the M2 Gruppen property company. The properties will change hands on February 1, 2016.
“The purpose of the sale is to divest properties in non-prioritized segments in a strong transaction market. We are continuing to streamline our property portfolio and move toward community service properties in line with our stated strategy,” says Stina Lindh Hök, Head of Transactions at Hemfosa Fastigheter.
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