Hemfosa Fastigheter Completes Transactions Worth MSEK 149

STOCKHOLM--()--Regulatory News:

Hemfosa (STO:HEMF) has acquired a property in central Sundsvall with an underlying property value of MSEK 79 and has sold three properties in Växjö, Uppsala and Haninge with a total underlying property value of MSEK 70.

The acquired properties comprise the former Sundsvallsbanken, which is currently leased with Nordea Bank as the largest tenant. The property is located adjacent to Stora Torget (town square) and the total leasable area is 5,154 square meters.

Hemfosa also implemented three divestments: in Växjö, Uppsala and Haninge, at a total underlying property value of MSEK 70, which exceeds the most recent market value by MSEK 24. All of the properties sold are project properties that are completely or partly vacant, and where the total leasable area amounts to 8,689 square meters.

Hemfosa’s net investment amounts to MSEK 9. Access to the new property and vacating from the properties occurred in April, May and June 2014.

“The acquisition of the former Sundsvallsbanken will strengthen our property portfolio in the office segment in expanding districts and will contribute to further boosting Hemfosa’s position in Sundsvall,” says Jens Engwall, CEO of Hemfosa.

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 June 9, 2014 at 8.00 am (CET).

This information was brought to you by Cision http://news.cision.com

Contacts

Hemfosa Fastigheter
Jens Engwall, CEO
jens.engwall@hemfosa.se
mobile +46 (0)70-690 6550
switchboard +46 (0)8-448 04 80

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Contacts

Hemfosa Fastigheter
Jens Engwall, CEO
jens.engwall@hemfosa.se
mobile +46 (0)70-690 6550
switchboard +46 (0)8-448 04 80