Hemfosa Acquires 14 Properties

Sweden Sweden Hemfosa has acquired a total of 14 community service properties, of which nine school properties, four LSS homes and one property that houses office premises and an HVB home, in Sweden.

2018-05-11

Share via e-mail

Jens Engwall. Image: Hemfosa
Jens Engwall.

The total property value amounts to EUR 37M and the properties are fully leased to tenants in the community services sector. These acquisitions further strengthen Hemfosa in its position in community service properties and as a partner to established players in the community services sector. 

The properties bought are nine school properties in Sollentuna, with a number of schools and preschools as tenants, four LSS (support and service for the disabled) homes from Emrahus in Helsingborg, Västerås and Örebro, as well as Omsorgens Hus in Kungsbacka – a property that houses office premises and an HBV (nursing and accommodation) home. 

The nine school properties in Sollentuna total 11,685 square meters. The seller is the Municipality of Sollentuna. The properties are fully leased to private preschools and schools with Inspira Förskolor och Skolor as the largest tenant, accounting for about half of the rental value. Hemfosa currently owns a number of properties in Sollentuna and therefore has established property management activities in the municipality.The average remaining contract length is 5.9 years. Possession was taken of seven of the nine properties on May 3, 2018. 

Hemfosa has acquired four LSS homes, of which two located in Helsingborg, one in Västerås and one in Örebro, totaling 2,397 square meters. The seller is Emrahus, which Hemfosa started a cooperation with in 2017 following the acquisition of two LSS homes in Gävle. The properties are fully leased to Attendo, Nytida AB and Team Olivia on 15-year leases. All of the properties are constructed as passive buildings, which leads to low operating expenses and a small environmental footprint. Possession was taken of one of the properties on March 22, 2018 and of a second property on May 4, 2018. Ownership of the two remaining properties will be transferred according to the timetable following completion, with occupancy scheduled for October 1, 2018 and January 3, 2019, respectively. 

Hemfosa has acquired Omsorgens Hus in Kungsbacka comprising a main building which houses office premises and a smaller building that houses an HVB home, a total of 5,150 square meters. The seller is a group of private individuals through companies. The property is fully leased to the Municipality of Kungsbacka. The average remaining contract length is 3.7 years. Ownership of the property will be transferred in July 2018. 

“We are both proud and pleased that these acquisitions will deepen cooperation with several established community players and we look forward to continuing to develop these long-term relationships. We can see a major need for investments and renovation as well as newly built premises, primarily school and healthcare properties, in our markets today. Hemfosa, with its specialist knowledge and experience in this field, has major opportunities to make a contribution as a long-term partner,” says Jens Engwall, CEO of Hemfosa. 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




Why Pandox Reject the Swedish Market

Sweden Sweden With the completion of another major British hotel purchase Pandox CEO Anders Nissen tells Nordic Property News why the Swedish market is not an alternative for Pandox at the moment and his views of the European markets.


Corem Acquires from Stendörren

Sweden Sweden Corem buys 19,100 square meters in Veddesta, Stockholm, from Stendörren for MSEK 325.

Akelius Lowers the Risk

Sweden Sweden Akelius adjusts the finance policy. The new policy highlights the ambition to have a credit rating of BBB+ or better. The credit rating shall be minimum BBB.

Victoria Park Makes First Purchase After Vonovia Takeover

Sweden Sweden Per Ekelund, CEO at Victoria Park, tells Nordic Property News about the first acquisition since Vonovia's entry: “Hoping for more.”

Castellum Sells to Stendörren

Sweden Sweden Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).


Niam Appoints Director

Sweden Sweden Niam has appointed Christian Ekberg Director, Acquisitions.

Dutch Company Launches New Retail Concept to Take International Players to Sweden

Sweden Sweden Dutch Brandspot launches new retail concept to take international players to Sweden. CEO Ilona Tailade tells Nordic Property News of the new way to take international retailers to the Swedish market – and why they have chosen to start in Gothenburg instead of Stockholm.

Willhem Purchases for EUR 46M

Sweden Sweden Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.

SBB Acquires Saab Kockum's HQ

Sweden Sweden SBB has acquired Saab Kockum's HQ in Karlskrona. SBB are looking to turn the office building into a school.

”Swedish Companies Act Too Cowardly”

Sweden Sweden Why does Rutger Arnhult head towards the American market and why does he believe Swedish companies act too cowardly?