In Örnsköldsvik, Hemfosa is acquiring two companies with the titles for five properties, primarily offices, in Örnsköldsvik for about EUR 88M. The seller is Nybergs Fastigheter & Förvaltning and Örnsköldsviks Framtid AB. The properties have a total leasable area of approximately 67,000 aquare meters. The Municipality of Örnsköldsvik is the largest tenant. Other tenants in the community services sector include municipally owned Öviks Energi, the Swedish Employment Service, the Swedish Migration Agency, the Swedish Social Insurance Agency and Umeå University.

The average lease is 3.8 years and the leasing rate is 95 percent. Hemfosa is of the opinion that the average rental period has the potential to be extended and that several new tenants in the community services sector may find the properties attractive. Ownership of the properties will be transferred on May 18, 2017.

Hemfosa is acquiring an office property, situated in the Boländerna area near Uppsala, from Gelba Fastigheter for EUR 15M. The property has a total leasable area of approximately 8,500 aquare meters and the Swedish Migration Agency is the largest tenant, accounting for more than 91 percent of the rental value. Hemfosa invest EUR 5.7M in refurbishing the main building. The average lease is about 6.2 years and the leasing rate is 94 percent. Ownership of the property will be transferred on June 1, 2017.

“We are delighted to strengthen our position on the coast of Norrland and in Uppsala through the acquisition of these properties, which include a large share of community service operations among the tenants. This will mean that we are adding more community service properties to our property portfolio at the same time as we are strengthening our position in prime locations in Sweden,” says Stina Lindh Hök, Head of Transactions of Hemfosa.