STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
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 February 16, 2015 at 08:30 a.m. (CET).
Hemfosa Fastigheter (STO:HEMF) is acquiring a community service property in Fredrikstad, Norway, at an underlying property value of NOK 700 million, corresponding to approximately SEK 770 million. The seller is a syndicate of Norwegian investors.
The leasable area totals approximately 30,400 square meters. The property’s largest tenant is Østfold University College and the average lease term is 13.7 years, calculated from the beginning of 2015.
Possession will be taken on March 6, 2015 at the latest.
Accordingly, Hemfosa has to date during 2015 acquired a total of eight community service properties in Norway at an underlying property value of about SEK 3 billion.
“We are happy for the opportunity to acquire another excellent community service property in Norway, in an expanding area in Fredrikstad and with close proximity to Oslo,” comments CEO Jens Engwall.
About Hemfosa Fastigheter
Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio focusing on community service properties with the 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. At September 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 Stockholm Mid Cap since March 21, 2014. Read more at www.hemfosa.se.
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