Hemfosa acquires a SEK 875 million property portfolio from Kaupthing

Dec 2, 2016

Wigge & Partners has advised Hemfosa on the acquisition of a portfolio of eleven properties in Sweden, five of which are leaseholds, at an underlying property value of SEK 875 million. About 60 percent of the rental value is derived from publicly funded tenants, of which the largest tenant is Kunskapsskolan. Six of the properties in the portfolio are community service properties. Properties in the municipality of Stockholm account for about 50 percent of the rental value.

The eleven properties have been acquired from Kaupthing ehf. and are located in Stockholm, Järfälla, Södertälje, Gävle, Norrköping and Landskrona. The total leasable area is approximately 80,000 sqm and comprises office and school premises. The total rental value is about MSEK 92. The largest tenants are Kunskapsskolan, Colly Company, the Swedish Migration Agency, the Swedish Employment Service and Norrköping Municipality.

Hemfosa took possession of the properties on 1 December 2016.