As per 30 September 2019, the property portfolio comprised 208 properties with a total property value of SEK 18.3 billion and a rental value of SEK 1,610 million with a leasable area of 1,771 thousand sqm. Nyfosa believes that the property portfolio in general maintains high quality, but several properties have potential for improvement.
In the future, the share of properties with such improvement potential may vary due to transactions and investments made in the property portfolio. Excluding the share of properties with improvement potential in the current portfolio as per 30 September 2019, Nyfosa views the work on developing and adding value to the property portfolio as an important part of its operations and strategy for achieving the company’s objectives.
In addition to Nyfosa’s wholly owned property portfolio, the Company owns 50 percent of the property company Söderport as per 30 September 2019, read more in the section Söderport.
Nyfosa had as per 30 September 2019 office properties for a property value of SEK 8.3 billion, corresponding to 46 percent of Nyfosa’s total property value. Nyfosa’s office properties are mainly situated in Mölndal, Örnsköldsvik, Sundsvall and Växjö. Nyfosa believes that its portfolio of office properties maintains high quality in central locations. These properties are typically highly marketable, meaning that interest from other players in acquiring this type of property is generally considerable, particularly among local property owners. Nyfosa also sees solid potential for adding value to the property portfolio and increasing the leasing rate.
Nyfosa had as per 30 September 2019 logistics and warehouse premises for a property value of SEK 6.4 billion, corresponding to 35 percent of Nyfosa’s total property value. The properties are located in towns that are transportation hubs in Sweden, such as Eskilstuna, Landskrona, Stockholm and Borås. Nyfosa’s logistics properties are predominantly modern logistics buildings with a highly flexible range of applications. Modern logistics properties are optimised for logistics operations and the factors distinguishing them from older properties include high ceilings, pillar systems that do not restrict operations and flexible loading docks and cargo ports where the height can be adjusted to accommodate different types of goods vehicles. The warehouse properties have a normal standard for the value year, and the Company sees high potential in adding value to the portfolio of warehouse properties.
Nyfosa had as per 30 September 2019 retail properties for a property value of SEK 2.3 billion, corresponding to 12 percent of Nyfosa’s total property value. Nyfosa’s retail properties are mainly situated in Luleå, Värnamo, Borås and Södertälje. We believe that our property portfolio of retail properties is located in good commercial areas with a high return. Nyfosa also sees good opportunities to refine the property portfolio and increase the occupancy rate.
Nyfosa’s property portfolio also comprises properties that are not categorised as Offices, Logistics/Warehouse or Retail but instead as Other properties. The properties include premises for hotel operations and industry in towns such as Skellefteå, Örebro, Nprrköping and Växjö. The property portfolio in the category of Other had as per 30 September 2019 a property value of SEK 1.3 billion, corresponding to 7 percent of Nyfosa’s total property value. The properties in this category are also located in towns where Nyfosa can capitalize on positive population growth.
Nyfosa has a number of ongoing projects, more information can be found here https://nyfosa.se/en/properties/our-projects/.