Nyfosa acquires Swedish mixed property portfolio for €64m

Swedish listed property company Nyfosa has acquired a portfolio of 13 properties in Sweden from Stenhus Fastigheter for SEK 706 mln (€64 mln).

The 50,000 m2+ portfolio consists of grocery and discount stores, warehouses, and light industrial buildings, all fully let with an net operating income ratio of 83%.

The annual rental value is SEK 62.5 mln (€5.6 mln) and the total average remaining lease term is 4.4 years.

Around 70% of the rental income comes from grocery and discount stores, with the remainder from warehouses and light industrial properties.

CEO of Nyfosa, Stina Lindh Hök, said: ‘We continue to strengthen our cash flow portfolio and these properties are a solid, stable complement.’

The properties are located in well-established areas in cities where Nyfosa is already present such as Eskilstuna, Örebro, Linköping, Gävle, and Örnsköldsvik, with tenants such as Dagab Logistik (Willys), Ahlberg Dollarstore, Rusta, and ICA.

The acquisition is set for closing on 31 March 2023.


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