Nyfosa’s joint venture Söderport completes divestment
Söderport owns 24.5 percent of the shares in Autologistikk Göteborg AB, which owns a warehouse and office property in Torslanda, Gothenburg. The company has entered into an agreement to divest the property via a company transfer.
The property is due to be vacated on January 31, 2019. The sale is expected to have a positive effect on earnings of approximately SEK 50 million for Söderport. The liquidity effect is estimated to amount to approximately SEK 170 million.
For more information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile +46 70 690 65 50, office +46 8 406 6400, www.nyfosa.se
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The goal is to develop and add value to a growing property portfolio while generating sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of September 30, 2018, Nyfosa owned commercial properties with a total property value of approximately SEK 15.4 billion.