Hemsö makes three investments

Avance advises Hemsö, Sweden’s leading private owner of properties for public use, in three recent investments in Finland. Hemsö is in particular growing in the educational property segment, through the acquisition of a university building in central Helsinki at Arkadiankatu 28 as well as the acquisition of an upper secondary school in Jyväskylä at Wilhelm Schildtin katu 2 (including related long term lease arrangements), constituting Hemsö’s first investment in the municipality. In addition, Hemsö strengthens is position in Turku by acquiring further shares in Turku Technology Properties Oy, increasing its ownership from approx. 35 % to approx. 40 %. The investments amount in total to approx. SEK 250 million.