14. Februar 2012 
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Hemsö purchases six properties for SEK 396m
Through Hemsö, its joint venture with AP3, the Swedish Third Pension Insurance Fund, listed Kungsleden AB is purchasing six properties for a total purchase price of 396 million Swedish Kronas excluding transaction costs. The property yield amounts to approximately 6.7%.
This property portfolio consists of a retirement home and three schools in the northern Swedish city of Umeå, one school in Eskilstuna, west of Stockholm, and a police station in Eksjö, south west of Stockholm. The tenants are the Municipality of Umeå, the International English School and Jönköping Police Authority. Total rental value amounts to about 34 million Swedish Kronas. Completion is scheduled for 30 March 2012.
“These properties fit well into Hemsö’s portfolio with long leases averaging ten years of remaining contract term, which ensures stable, long-term returns,” commented Kungsleden’s Chief Executive Thomas Erséus.
This property portfolio consists of a retirement home and three schools in the northern Swedish city of Umeå, one school in Eskilstuna, west of Stockholm, and a police station in Eksjö, south west of Stockholm. The tenants are the Municipality of Umeå, the International English School and Jönköping Police Authority. Total rental value amounts to about 34 million Swedish Kronas. Completion is scheduled for 30 March 2012.
“These properties fit well into Hemsö’s portfolio with long leases averaging ten years of remaining contract term, which ensures stable, long-term returns,” commented Kungsleden’s Chief Executive Thomas Erséus.
