Hemfosa fastigheter AB: Hemfosa to Prolong Lease and Build New Premises for Alingsås District Court

Regulatory News:

Hemfosa Fastigheter AB (STO:HEMF)

Hemfosa is signing a 15-year lease with the National Courts Administration in Alingsås and will build an additional approximately 1,000 sqm of courtroom and office space. In connection with this, the existing offices and shared spaces will be customized and upgraded for the District Court, which is already a tenant in the property.

This constitutes information that Hemfosa Fastigheter AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was issued for publication on October 20, 2014 at 11 a.m. CET.

The project entails construction of a completely new building and the refurbishment of an existing building in order to create a larger number of, and more appropriate, premises for the District Court.

"The National Courts Administration is a major tenant for Hemfosa in our high-priority public properties segment, and we view engaging in close cooperation with the tenant in order to implement this project and thus create modern and functional premises for the District Court as something positive. Developing and customizing the property portfolio to satisfy tenant needs is a key feature of our property management focus,” says Jens Engwall, CEO of Hemfosa Fastigheter AB.

Hemfosa is a Swedish real estate company with a well-balanced and geographically diversified property portfolio focusing on public properties with state and municipalities as the largest tenants. This provides stable cash flows with good yield. In conjunction with value creation, Hemfosa also aims to actively participate in the transaction market. On June 30, 2014, Hemfosa owned commercial properties in Sweden with a total property value of approximately SEK 20.5 billion, including the company’s share of the property value of joint ventures. The Company’s share has been listed on NASDAQ OMX Stockholm Mid Cap since March 21, 2014. Read more at www.hemfosa.se.

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