Hemfosa Fastigheter acquires a further three community service properties in Finland at a value of approximately MSEK 500


Hemfosa is taking further steps toward becoming a broader Nordic player in community service properties with the acquisition of a further three community service properties in Finland. Hemfosa currently focuses on Sweden and has a growing property portfolio in Norway, where the first acquisitions took place at the start of 2016.

Hemfosa has reached an agreement concerning the acquisition of three community service properties in the south of Finland at an underlying property value of approximately MSEK 500. Two of the properties are situated in Tampere, the country’s third largest city, and contain a building at the University of Tampere and an office building, which is fully leased to the Finnish Tax Administration. The third property, a building housing public authorities, is located in Raahe, just south of Oulu, and contains the police authority, the prosecution authority and the enforcement authority.

“This is our second acquisition in Finland in a short period. With this move, we have established ourselves in earnest as a broader Nordic player, while further strengthening our position in community service properties in Finland,” says Head of Transactions at Hemfosa.

The total leasable area amounts to 26,677 sqm, generating an annual rental income of approximately MSEK 40. The average remaining contract length is 10.4 years. The seller is a fund managed by Auratum Kiinteistöt Oy, whose largest investors are Veritas Pension Insurance and Turun Seudun Osuuspankki (Åbonejdens Andelsbank). The transaction will be financed with equity and bank loans.

Mrec acted as advisor to Hemfosa.