The total underlying property value amounts to MSEK 220 (EUR 21M), with a total annual rental value of MSEK 27.7 (EUR 2.6M). The total lettable area amounts to 24,328 square meters and in addition includes 337 parking spaces. The economic occupancy rate amounts to 89 percent and the average remaining contract period amounts to 2.7 years. The largest tenant is the Swedish Tax Agency, which accounts for eleven percent of the rental value. The acquisitions have been financed with equity and bank loans.
"We are very pleased to be given the opportunity to acquire these five central properties with strategic locations in each city and we look very much forward to being involved in developing these locations and properties," says Joachim Kuylenstierna, CEO of Fastator.
Fastator Completes Three Acquisitions
Sweden — Fastator, via subsidiary, has in three separate transactions acquired five properties in Bollnäs, Ludvika and Sala.