JOINT VENTURES

Nyfosa acquires, manages, refines and sells properties of different categories with broad presence in Sweden, and from 2021 also in Finland. In addition to the wholly owned property portfolio, Nyfosa is half owners of the real estate companies Söderport in Sweden and Samfosa in Norway.

SÖDERPORT

Söderport is jointly owned with AB Sagax, 50 percent holding each, and ownership is governed by a long-term shareholders’ agreement giving both owners equal power of decision, meaning that neither partner has a controlling influence. Söderport is thus a joint venture and Nyfosa’s share in profit of Söderport is recognised in the company’s profit from property management.

Söderport does not have its own operational organisation. Instead, Sagax performs property management and financial administration on Söderport’s behalf. However, the property management of Söderport’s property portfolio in Gothenburg is performed by Nyfosa.

Nyfosa’s share in Söderport was acquired by Hemfosa already in 2010. Söderport’s property portfolio has historically primarily comprised industrial, warehouse and office properties, representing a suitable supplement to Nyfosa’s wholly owned property portfolio. The focal point of Söderport’s property portfolio is in the Stockholm and Gothenburg regions.

SAMFOSA

Nyfosa holds shares in the property company Samfosa, which was formed during the year and is owned by Nyfosa together with the Norwegian property company Samfunnsbyggeren, 50 percent each. The ownership is governed by a long-term shareholders’ agreement giving both owners equal power of decision, meaning that neither partner has a controlling influence. Samfosa is thus a joint venture and Nyfosa’s share in profit of Söderport is recognised in the company’s profit from property management.

Samfosa owns commercial properties situated in the expansive Grenland region southwest of Oslo. Samfosa primarily has its own operational and administrative organization.