STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Hemfosa Fastigheter (STO:HEMF) is extending a 12,600 sqm lease with the Police Authority in Sollentuna, Stockholm, by 15 years and refurbishing and expanding the premises.
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 November 3, 2014 at 9:00 a.m. (CET).
Hemfosa will initially be signing a three-year lease encompassing the project period for the refurbishment work and the building of a minor extension, which will be followed by a 12-year lease. The reason for the refurbishment is to adapt and upgrade existing office space to create more appropriate premises.
“We have a very close relationship with the Police Authority, which is also Hemfosa’s largest tenant, with leases for premises in 28 locations around Sweden. By continuously evaluating tenant needs and the potential of our properties, we create modern and functional premises for the operations conducted by the Police Authority,” says Jens Engwall, President of Hemfosa Fastigheter AB.
About Hemfosa Fastigheter
Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio focusing on public properties with state and municipalities as the largest tenants. This provides stable cash flows and a healthy yield. In conjunction with value creation, Hemfosa also aims to actively participate in the transaction market. On June 30, 2014, Hemfosa owned commercial properties in Sweden with a total property value of approximately SEK 20.5 billion, including the company’s share of the property value of 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.
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