NP3 Acquires Portfolio for EUR 113M

Sweden Sweden Listed Swedish NP3 has acquired a portfolio of 53 properties in the North of Sweden from Sveavalvet. The transaction price is SEK 1.18 billion (EUR 113M).

2018-09-14

Share via e-mail

The 53 properties has a total area of 150,000 sqm with an additional 680,000 sqm land. The annual rental value is MSEK 110 (EUR 10.5M) and the occupancy rate is 97 percent. The rental income is distributed over 124 leases and 82 tenants.
 
NP3 will issue new preference shares worth MSEK 304 (EUR 29M).
 
"The acquisition strengthens NP3 in the company's core market, northern Sweden. We estimate that other properties are easily managed and can bring new interesting business opportunities. From a financial perspective, the acquisition means that NP3's earnings are strengthened and that exposure to individual properties as well as leases decreases. The new issue of preference shares means that the company's equity is unchanged while reducing the dilution effect for shareholders,” says Andreas Nelvig, CEO of NP3 Fastigheter.




Axel Ohlsson
axel@nordicpropertynews.com




Skanska Develops and Sells Hotel to LKAB

Sweden Sweden Skanska develops and builds a new hotel in central Kiruna, Sweden, with Scandic hotels as operator. The hotel is sold for MSEK 500 (EUR 49M) to LKAB that will take over the building at the completion in the autumn 2021.


Catella Adds Wilner Anderson

Sweden Sweden Catella strengthens their retail offer by adding former the Agora and Steen & Strøm CEO as a Senior Advisor.

Bonava Acquires Land in Västerås

Sweden Sweden Bonava has concluded an agreement for the acquisition of land from the municipal property company Mimer at Öster Mälarstrand in Västerås, Sweden. The site is located in an area where Bonava will construct about 550 housing units. Construction is scheduled to commence in 2019.

Brunswick Divests Grocery Store Portfolio

Sweden Sweden Brunswick Real Estate, on behalf of Sveafastigheter Fersen II AB, has divested a 50-property portfolio to the listed property company Tre Kronor. Total gross asset value amounts to MSEK 903 (EUR 87M).

Regio Makes Large Gothenburg Acquisition

Sweden Sweden The Brunswick company Region has acquired eleven properties with a total rentable area of ​​38,000 sqm in Sisjön, Gothenburg, from Alaska Fastigheter.


The Next Chess Move on the Swedish Advisory Scene

Sweden Sweden After just months at Savills he left the company in conjunction with Savills' creation of their new superteam. Now Robert Treutiger has a new advisory job at Nordier. He tells Nordic Property News of leaving Savills and of his new position.

The Targets for Nyfosa

Sweden Sweden Hemfosa subsidary Nyfosa presents objectives, financial risk limitations and dividend policy.

Catena Invests in Helsingborg

Sweden Sweden Catena is now investing MSEK 101 in a second stage at the Tostarp logistics position in Helsingborg.

”A Threat Against Stockholm”

Sweden Sweden Tomas Hermansson, CEO of Bonnier Fastigheter, tells Nordic Property News what he sees as a possible threat to the Stockholm market.

Diös Buys in Östersund

Sweden Sweden Diös acquires three properties near the travel center in Östersund.