Nyfosa has signed an agreement with Klövern to acquire a property portfolio at a total value of MSEK 1 570 in southern Sweden. The acquisition consists of a portfolio of 21 commercial properties.
The properties have an area of approximately 123,000 square meters in total with annual rental income including vacancy rents of SEK 139.5 million. The properties are located in Örebro, Malmö, Växjö and Haninge with focus on Örebro. The tenants are among others JF Hillebrand Logistics AB, WSP Sverige AB and Bioglan AB, and the average remaining lease term amounts to 4.5 years. The occupancy rate amounts to 93 percent. Closing date will be on August 30, 2019. The intention is to finance the acquisition through a new credit facility.
“This is a stable portfolio of properties in favorable locations with safe cash flows which we are pleased that we had the opportunity to acquire. The portfolio gives us a good platform in Örebro and in addition, the properties in Malmö, Växjö and Haninge complement the existing portfolio well.”, says Stina Lindh Hök, COO of Nyfosa.