NP3 acquires property portfolio in Luleå, sweden

NP3 Fastigheter AB (publ) has acquired 9 properties in Luleå, sweden, for a total of 24 500 square meters with an underlying property value of 276 million before deductions for deferred tax. The property has an economic occupancy rate of 93 % and the annual rental value amounts to sek 24 million.

The average remaining term of rental agreements amounts to 2.4 years.

Five of the properties are located on the Storhedens commercial and industrial area of upper Norrland’s largest trade area and located along the E4 motorway, approximately 8 kilometres west of the city centre. Storheden has been awarded the magazine Markets award for Sweden’s most popular commercial area. The remaining properties are located in the university district, in the vicinity of Luleå technical university and Luleå Science Park. NP3 owns since the previous real estate in these areas, thus entails the acquisition that NP3 is becoming one of the larger property owners in these areas.

The largest tenant is Axfood Snabbgross, which accounts for 8% of the rental value with a remaining term on the lease of 4.5 years. Other major tenants are the Practical high School, Cramo and Peab. The acquisition includes the development rights on approximately 8,500 square meters. NP3 taking up the properties on October 2, 2017 and the seller is Galären.

– And with this acquisition we strengthen our presence in Lulea, sweden, which has been a priority. It is a growing city with growing hyrestillväxt where NP3 should be large. We have several projects in production in Luleå and are seeing continued good demand. Therefore, we see a great value in the accompanying development rights, said Andreas Nelvig, ceo NP3 Properties.

For further information, please contact:

Andreas Nelvig, ceo, telephone 070 31 31 798, andreas@np3fastigheter.se

NP3 is a kassaflödesorienterat real estate company with a focus on commercial investment property with high yield in the north of Sweden. As of march 31, 2017 was the real estate portfolio to 827 000 sqm of leasable area distributed on 206 real estate within the segments of commercial, industrial/logistics, office and specialfastigheter. The real estate portfolio is divided into six market areas: Sundsvall, Gävle, Sweden, Östersund, Umeå and Luleå. The value of property amounts to over 6.5 billion. NP3-share is listed on Nasdaq Stockholm, Mid Cap. NP3 was founded in 2010 and has its registered office in Sundsvall, sweden. Read more on www.np3fastigheter.se

NP3 acquires fastighetsportföj in Luleå 2017 06 30

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