Hemfosa Fastigheter expands in Norway – invests approximately SEK 1 billion in specialist hospital at Gardermoen


Hemfosa is further strengthening its presence in community service properties in
Norway with the development of a new health campus and the construction of a
heart and lung hospital in a central location by Oslo Airport Gardermoen.
Hemfosa is investing approximately SEK 1 billion in the project, which will be
carried out in partnership with the property development company Aspelin Ramm.
The start of construction is scheduled for autumn 2015 and the tenant, the
Norwegian Heart and Lung Patient Organization (LHL), has signed a 25-year lease
with occupancy estimated in January 2018.
Together with the Norwegian property development company Aspelin Ramm Eiendom,
Hemfosa will form the company Gardermoen Campus Utvikling (GCU), in which
Hemfosa will own a 65-percent stake. Through this company, an agreement will be
signed covering project planning and construction of a specialist hospital close
to Gardermoen Airport outside Oslo, where the operations of two existing
hospitals will be co-located. The agreement includes a 25-year lease with LHL.
LHL is a Norwegian association with solid experience of managing several heart
and lung specialist clinics in Norway.

Jens Engwall, CEO of Hemfosa Fastigheter AB, had the following comments:

“Investing in a new hospital project at Gardermoen offers us a unique
opportunity to enter this expansive area and consolidate Hemfosa’s position as a
major player in community service properties in the Norwegian market. We are
also pleased to be able to make this investment with such a highly reputed and
experienced property developer as Aspelin Ramm, and to have a 25-year lease in
place from the outset. The project also entails additional opportunities for
growth in our prioritized property segment.”

Hemfosa is investing approximately SEK 1 billion, corresponding to 65 percent of
the estimated total project cost. This amount includes an investment in land and
infrastructure for the area. Construction is scheduled to commence in September
2015, with occupancy estimated in January 2018. Other partners in the project
include the leading architecture firm Nordic Office of Architecture and the
building contractor Hent.

President Gunnar Bøyum of Aspelin Ramm had the following comments:

“We have worked extensively on the preparations for this project, for which we
have high expectations. The combination of LHL’s position in Norwegian
healthcare, Hemfosa with its reputation and its experience of financing
community service properties, and our own experience in innovative property and
local development is unique.”

The campus area is located close to Oslo Airport Gardermoen, making it
particularly interesting in terms of attracting competence and creating
accessibility for patients in other regions. The long-term plan for the campus
area at Gardermoen is that it will represent a significant health and medical
care competence park, and comprise operations in such areas as research and
education, as well as offices, restaurants and services. The establishment
creates the potential for GCU to implement further projects in the healthcare
sector.

“We have always maintained that Hemfosa should grasp opportunities in a fluid
property market and go down paths that others have not taken. This project is
entirely in line with our business philosophy of creating value by being
innovative in a focused segment of the property market,” continues Jens Engwall.
For further information, please contact:

Jens Engwall, CEO, jens.engwall@hemfosa.se, mobile phone +46 70-690 65
50, office +46 8-448 04 80
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 order to create value, Hemfosa also aims to actively
participate in the transaction market. At March 31, 2015, Hemfosa owned
commercial properties in Sweden with a total property value of approximately SEK
30 billion, including the company’s share of the property value in joint
ventures. The company’s common share has been listed since March 2014, and the
preference share since December 2014, both on Nasdaq Stockholm. Read more at
www.hemfosa.se.

About Aspelin Ramm

Aspelin Ramm Eiendom AS, with its wholly owned subsidiary Aspelin Ramm
Fastigheter AB, is a responsible property developer with financial strength, and
places major importance on ensuring that buildings represent a valuable
component of the urban and rural landscape. The group’s development projects
range from retail and combination properties to hotel and residential
properties, and it owns properties comprising some 550,000 square meters of
floor space in Norway and Sweden, with an annual cash flow of MNOK 460. Read
more at www.aspelinramm.no and www.aspelinramm.se

Attachments

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