The transaction in Turku comprises a property located in the center of the city comprising a total leasable area of 6,863 sq.m. The property is fully leased with Turku Municipality as a tenant. The lease extends for about 17 years. The property is currently being completely refurbished and is expected to be ready on January 1, 2017. The seller is Turku Technology Properties Ltd.
 
The acquisitions in Sweden comprise three school properties – two in Falkenberg and one in Älmhult, at a total leasable area of 4,164 sq.m. The properties are fully leased to mainly school operators, with Thoren Framtid AB as the largest tenant. The average lease extends for about 12 years.
 
“We are pleased to complete further acquisitions of high-quality community service properties with established tenants and long leases. It is particularly gratifying that we are taking the next step in the Finnish market, where we made our first acquisition one year ago and have now established our own presence. We are positioned to make further acquisitions in all three of our markets,” comments Stina Lindh Hök, Head of Transactions at Hemfosa.