Nyfosa acquires the remaining 50 percent of the shares in its Norwegian joint venture Samfosa AS

Nyfosa has signed an agreement to acquire the remaining 50 percent of the shares in Samfosa AS from its joint venture partner Ringmuren AS (parent company of Samfunnsbyggeren AS). Samfosa AS will subsequently become a wholly-owned subsidiary of Nyfosa. Closing is scheldued to take place in September, 2024.

The purchase price corresponds to a property value of MNOK 1,462, which corresponds to the externally assessed market value as of June 30, 2024.

In connection with the transaction, Samfosa will divest a hotel, a project property and four (with external part) part-owned companies to Ringmuren AS for MNOK 134, corresponding to the properties' externally assessed market value as of June 30, 2024.

After the transactions, Nyfosa will own nine real estate units in Skien, Porsgrunn and Horten, south of Oslo, with a total leasable area of 97,000 sqm with premises for offices, retail, warehouses and light industry. The annual rental value amounts to MSEK 114 and the occupancy rate amounts to 92 percent. The average remaining lease term is 5.0 years. Nyfosa will also take over the existing management organization in Norway.

"With this transaction, we are strengthening Nyfosa’s cash flow while at the same time increasing our flexibility to act in Norway", comments Stina Lindh Hök, CEO of Nyfosa.

Datum 2024-07-09, kl 07:30
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