The properties, located in Sigtuna, Simrishamn, Helsingborg, Sunne and Alingsås, have a total lettable area of 13,000 sqm. Three of the properties are rented out as sheltered housing and in two of the properties a well-established tenant conducts care operations. Access will take place in three stages, the first three properties are intended to be taken over in December 2020, and the other two are intended to be taken over during the second quarter of 2021. Annual contracted rental income for the properties is estimated at approximately SEK 24.4 million.
“The acquisition means that we effectively allocate the contribution from the recently completed issue to five attractive properties that will make a positive contribution to the fund's earnings. All properties are in line with the fund's focus on wholly or partly state-financed tenants. We have an expansive acquisition strategy and will continue to open up for new inflows of capital to act on the many opportunities we see in the market,” says Johan Eriksson, CEO of Estea AB.
Arctic Securities and Morris Law have acted as advisors to Estea Omsorgsfastigheter AB (publ) in connection with the acquisition.