Through the acquisition, Hemfosa is adding to its property portfolio in growth municipalities in northern and central Sweden and further strengthening its position as a specialist in community service properties.

The seven properties are located in Sollefteå, Härnösand, Falun and Örebro. The total area of the properties amounts to approximately 155,000 square meters, about 70 percent of which is from tenants in the community services sector. The properties are being divested by Klövern. 

Most of the properties comprise office and educational premises in prime locations with tenants mainly in the community services sector. The largest tenants are the Swedish Transport Agency, the Municipality of Härnösand, the Univeristy of Dalarna, the Municipality of Sollefteå and the Municipality of Falun. The average remaining lease is 3.5 years and the leasing rate is approximately 91 percent. The expected date of transfer for the properties is August 31st, 2018. 

“Hemfosa has again demonstrated an ability to identify and carry out major acquisitions that are highly compatible with the expanding portfolio of community service properties in Sweden. This type of transaction provides us with an opportunity to acquire a large portfolio, in terms of volume, with a healthy return in interesting and growing towns in Sweden,” says Jens Engwall, CEO of Hemfosa.