Hemfosa Divests Residential Property and Housing Development Rights

Sweden — Hemfosa has owned Ribby Ängar together with Bygg-Fast and the divestment relates to the Ribby 1:478 property in Västerhaninge, which comprises 148 completed residential units and the remaining housing development rights in the area on the Ribby 1:480 and 1:481 properties.

2015-06-11

The properties are being divested to Riksbyggen and Hemfosa’s share comprises a property value of approximately MSEK 315 (€34M).
Ownership was transferred on June 10, 2015.

“The purpose of the transaction is to divest non-prioritized segments and optimize our property portfolio” commented Lars Thagesson, COO of Hemfosa Fastigheter AB.