Swedish real estate company Nyfosa has offloaded seven properties in Sweden, as part of two transactions, for a total of SEK 299 mln (€25 mln).
The properties are located in Falköping (2), Filipstad (3), Lidköping (1), and Malmö (1) and have a total leasable area of 46,000 m2. They include warehouses, industrial buildings, retail space, and offices.
The properties have an estimated annual rent of SEK 27 mln (€2.3 mln), with a 4% vacancy rate, while the average remaining lease term is 3.5 years.
Stina Lindh Hök, CEO of Nyfosa, commented: ‘Nyfosa is constantly evaluating interesting deals and I am satisfied that we can carry out further value-creating transactions.’
The selling price exceeds the book value of the properties by SEK 20 mln (€1.7 mln) after accounting for deferred tax, resulting in a profit for Nyfosa.
The sale is expected to have a positive impact of SEK 30 mln (€2.5 mln) on Nyfosa's earnings, which will be reported in Q4 2023.
Closing for the Malmö property has been completed, while closing for the other properties are scheduled for 7 November.
