Swedish community services property company Hemsö is purchasing two properties for a total price of SEK 255 mln (EUR 30 mln) including transaction costs. The deal generated a yield of 7.1%.
Swedish community services property company Hemsö is purchasing two properties for a total price of SEK 255 mln (EUR 30 mln) including transaction costs. The deal generated a yield of 7.1%.
Hemsö is 50:50 joint owned by listed Swedish property company Kungsleden and AP3, the Swedish Third Pension Insurance Fund.
The first property is a retirement home in Berlin, Germany, with leasable area of around 6,950 m2. The remaining contract term is 16 years and completion is scheduled for 1 January 2013.
The second property is a local police station with leasable area of 3,550 m2 in Malmö. The Swedish Police Service is letting this newly built police station on a 15-year lease contract. Completion is scheduled for December 2012.
