Hemfosa Fastigheter Acquires School Property with 20-year Lease

Sweden — Hemfosa has acquired the community service property in Karlstad with Internationella Engelska Skolan as tenant. The seller is Karlstad municipality.

2015-07-03

Hemfosa has reached an agreement concerning the acquisition of the Blyet 2 property in Karlstad for a purchase consideration of €7.9M.

Gruvlyckeskolan comprises approximately 6,800 square meters of teaching premises and is currently fully leased to the Internationella Engelska Skolan i Sverige AB, which has signed a 20-year lease.

The property houses an elementary school for grades four to nine. Transfer took place on July 1, 2015.

“The acquisition of the Internationella Engelska Skolan’s premises in Karlstad is in line with Hemfosa’s strategy of growing in the community service properties’ segment. We look forward to further developing the property together with the tenant,” says Jens Engwall, President of Hemfosa Properties AB.