The property in Bergen, Myrdalsvegen 22, is Hemfosa's first acquisition on the west coast of Norway, and represents the start of the company's focus on the region. The property has a total leasable area of 7,402 square meters. The leasing rate is 95 percent, with stable tenants from the municipal, county council, care and banking sectors. The Municipality of Bergen, County Municipality of Hordaland and Åsane Legekontor account for 62 percent of the rental income. Ownership of the property was transferred on July 12th, with the financial acquisition taking place on July 1st. The lease has a remaining term of about 3.1 years. The seller is DNB SPF.
 
Hemfosa is acquiring Korsgata 5 and Sandesundsveien 3 in central Sarpsborg. In addition, the purchase includes Sandesundsvein 5-7, a site with a completed zoning plan of 4,500 square meters lettable area, primarily consisting of housing. The properties have a total leasable area of 7,449 square meters. The leasing rate is approximately 90 percent, and the largest tenant is the Norwegian Labor and Welfare Administration (NAV). NAV, the Norwegian public welfare agency, will account for approximately 95 percent of annual rental income. Ownership of the property was transferred on August 18th, with the financial acquisition taking place on July 1st. The lease has a remaining term of about 3.6 years.
 
“The acquisition in Bergen represents an exciting first step into the west coast of Norway and we are looking forward to expanding our presence and focus in the western region of the country. The acquisition in Sarpsborg will also strengthen our commitment and position in Østfold, in eastern Norway, since we now own centrally located properties in all of the region’s larger cities. At the same time, it is entirely in line with our business model that the majority of the tenants in the properties we are acquiring have public sector tenants,” says Simon Venemyr Ottersland, COO of Hemfosa Norway.