Hemsö has entered into an agreement to divest a property portfolio containing 35 properties in various locations across Sweden. The total sale price amounts to about SEK 1.5 billion.
The property portfolio consists of three nursing homes, four educational properties and 28 properties for other uses. The majority of the properties are located in western and southern Sweden. The total lettable area is 174,400 sqm, the estimated rental income approximately SEK 150 million and the average remaining lease period is about four years.
“Hemsö strives to achieve customer-centric and efficient property management to ensure that the needs of our tenants are catered for in the best possible manner. The properties we are now divesting form a mixed portfolio and may contain, for example, a higher share of offices, comprise smaller care and educational properties or be situated in areas where we have made the assessment that our local presence is not sufficiently strong to enable us to take a long-term approach. The divestment helps to concentrate our existing portfolio geographically and frees capacity for new acquisitions and investments in ongoing projects,” says Hemsö’s CEO Nils Styf.
The largest tenants are Västra Götaland County Council and Lund University. The buyer is Samhällsbyggnadsbolaget i Norden AB, a subsidiary of Effnetplattformen AB (publ). The divestments will take the form of company transfers with the effective date set at 10 April 2017.
For more information, please contact:
Nils Styf, CEO +46 8 501 170 00
Hemsö is Sweden’s leading private owner of properties for community services. The business is based on owning, managing and developing properties for nursing homes, education, care facilities and premises for the legal sector. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund is the majority owner. The total value of Hemsö’s property portfolio is SEK 30.2 billion. Hemsö’s credit rating from Standard & Poor’s has been A- since March 2015. More information can be found at: www.hemso.se
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