Stockholm-listed Hemfosa Fastigheter has acquired a portfolio of properties in Sweden with a value of over SEK 1 bn (€103 mln). The assets are mostly social and community properties, sold by a range of vendors.
'We are very pleased to strengthen our position along the northern coast and in Uppsala through the acquisition of these properties with a large proportion of society activities... it gives us a stronger position in attractive locations in Sweden,' commented Stina Lindh Hawk, transaction manager at Hemfosa.
The deal includes five properties in central Örnsköldsvik, with an underlying property value of approximately SEK 858 mln (€88 mln). About 40% of the rental value comes from publicly funded tenants and the largest tenant is the municipality of Örnsköldsvik. The vendor was Nyberg Real Estate & Investment and the Future of Örnsköldsvik AB. The occupancy rate is 95%.
Hemfosa also bought an office asset in Uppsala, let to the Immigration Service, for a purchase price of SEK 145 mln (€15 mln). The company plans invest another SEK 55 mln (€500,000) in its redevelopment. The current occupancy rate is 94%.
