The properties included in the acquisition are Katrinedal 11, Katrinehill 7 and Maskrosen 19, all located in the Katrinedal area in central Borås. In total, the portfolio comprises approximately 22,700 sqm of lettable area. The occupancy rate is approximately 94% and major tenants in the Portfolio are Staples Sweden, Kungälvs Rörläggeri, Solar and Caverion. The total rental income amounts to approximately SEK 31.3 million per year with an estimated operating net of approximately SEK 24.0 million. The average weighted remaining length of the leases is approximately 2.9 years. The properties in the Portfolio mainly house office space and all properties have been renovated in the near future.

“This acquisition is completely in line with our strategy to acquire well-located properties of high quality and with strong tenants. Cernera has done an excellent job of developing and modernizing the buildings and we are happy to become the owner of such a well-managed stock. With this acquisition, we strengthen our presence in Borås and take another step closer to our recently updated target of a property portfolio worth SEK 20 billion before 2025,” says Gustaf Segerborg, CEO of Randviken.

“The transaction with Randviken will be our second joint deal in a short time and just as in the previous one, the dialogue and cooperation has worked well. The sale of the three properties in Borås is primarily carried out in order for Cernera to increase the investment rate in the existing portfolio and enable new acquisitions. We work purposefully to expand nationally and the transaction creates conditions for continued strong growth and expansive investments in new development projects,” says Lars Angwald, CEO of Cernera.