Hemfosa Fastigheter acquires public properties in Sundsvall at a total value SEK 582 million
ET | Source:Hemfosa Fastigheter AB
Hemfosa is acquiring public properties in Sundsvall, with Mittuniversitetet, Mid
Sweden University, as the largest tenant. The seller is Akademiska Hus.
Hemfosa has reached an agreement concerning the acquisition of the Åkroken 1 and
Västhagen 1 properties in Sundsvall at an underlying property value of SEK 582
million. The properties, which have a central location in Sundsvall and comprise
approximately 33,000 sqm of leasable area, are fully leased to Mid Sweden
University, the International English School and SCA Research. After the
acquisition, Hemfosa owns properties comprising approximately 92,000 sqm of
leasable area in Sundsvall.
The acquisition is estimated to generate a positive impact of approximately SEK
20 million on Hemfosa’s earnings capacity, on an annual basis. The date of
taking possession will be June 2, 2014.
“The acquisition of the premises in Sundsvall leased by Mid Sweden University
and the English School is in line with Hemfosa’s strategy of growing in the
public properties segment. We look forward to developing the area additionally
together with the tenants,” says Jens Engwall, CEO of Hemfosa Properties AB.
For further information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile phone +46 70-690 6550,
switchboard +46 8-448 04 80
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 May 19,
2014 at 8.30 a.m. CET.
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.