Hemfosa Fastigheter acquires public properties in Sundsvall for approx. €64.3 mln (SE)

Hemfosa is acquiring public properties in Sundsvall, with Mittuniversitetet, Mid Sweden University, as the largest tenant. The seller is Akademiska Hus.

Hemfosa has reached an agreement concerning the acquisition of the Åkroken 1 and Västhagen 1 properties in Sundsvall at an underlying property value of SEK 582 million (approx. €64.3 million). The properties, which have a central location in Sundsvall and comprise approximately 33,000 m² of leasable area, are fully leased to Mid Sweden University, the International English School and SCA Research. After the acquisition, Hemfosa owns properties comprising approximately 92,000 m² of leasable area in Sundsvall.

The acquisition is estimated to generate a positive impact of approximately SEK 20 million (approx. €2.2 million) on Hemfosa’s earnings capacity, on an annual basis. The date of taking possession will be June 2, 2014.

“The acquisition of the premises in Sundsvall leased by Mid Sweden University and the English School is in line with Hemfosa’s strategy of growing in the public properties segment. We look forward to developing the area additionally together with the tenants,” says Jens Engwall, CEO of Hemfosa Properties AB

Leimdörfer served as sole financial adviser to Akademiska Hus in the transaction.

Source: Hemfosa Fastigheter

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