Hemfosa continued to establish its presence in Finland
Hemfosa continued to establish its presence in Finland by acquiring a community service property from Turku Technology Properties Ltd at an underlying property value of about ca. EUR 16 million. The transaction in Turku comprises a property located in the center of the city comprising a total lettable area of 6,863 sqm. The property is fully leased with Turku Municipality as a tenant. The lease extends for ca 17 years and the annual rental income is approximately EUR 1.2 million. The property was completely refurbished during 2016 and ready in January 1, 2017.