“We remain interested in the property portfolios but the acquisition will now not go ahead since the market has changed so drastically since we signed the letter of intent. It is always regrettable to withdraw from a transaction but we are now looking ahead and focusing on new opportunities,” says Jens Engwall, CEO of Nyfosa.
Jens Engwall, CEO of Nyfosa.
Nyfosa to Postpone Acquisition of Portfolios from SBB
Sweden — On January 17 Nyfosa signed a letter of intent with SBB regarding the acquisition of property portfolios with a total value of approximately SEK 8 billion. Nyfosa has decided to postpone this acquisition until further notice due to the changes in market conditions.