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Hemfosa Fastigheter acquires properties in Sundsvall for SEK582m.

NORDIC BUSINESS REPORT-May 19, 2014-Hemfosa Fastigheter acquires properties in Sundsvall for SEK582m

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Swedish property company Hemfosa Fastigheter AB (STO:HEMF.ST) announced today that it has reached an agreement concerning the acquisition of the Akroken 1 and Vasthagen 1 properties in Sundsvall at an underlying property value of SEK582m.

These properties, which have a central location in Sundsvall and comprise approximately 33,000 square metres of leasable area, are fully leased to Mid Sweden University, the International English School and SCA Research.

Upon completion of the acquisition, Hemfosa will own properties comprising approximately 92,000 square metres of leasable area in Sundsvall.

According to the company, this acquisition is estimated to generate a positive impact of approximately SEK20m on Hemfosa's earnings capacity, on an annual basis. The date of taking possession will be 2 June 2014.

(EUR1.00=SEK8.99)

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Publication:Nordic Business Report
Date:May 19, 2014
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