Stockholm, March 21 2014 — NASDAQ OMX (NASDAQ:NDAQ) announced that Hemfosa Fastigheter AB (short name: HEMF), a Mid Cap company within the Financials sector, today started trading of its shares on the main market of NASDAQ OMX Stockholm. Hemfosa is the fourth company to list at NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen and Iceland).
Hemfosa Fastigheter is a Swedish property company with two principal areas of operation: the long-term management and development of properties, and the acquisition and sale of properties. The property portfolio comprises four categories: community service properties, office properties in growth municipalities, logistics properties and transaction properties. Hemfosa owns commercial properties in Sweden with a total property value of approximately SEK 18.5 billion including the company’s share of the property value in joint ventures.
“I feel a strong commitment to Hemfosa and am proud that we are now taking the next step in the company's development,” says Jens Engwall, CEO at Hemfosa Fastigheter. “Interest in Hemfosa's share has been strong among Swedish and international institutions as well as private Swedish investors, and we are delighted to welcome so many new shareholders. The listing will increase our opportunities to capture attractive business opportunities and conduct complex transactions. Our goal is to generate the industry's highest total return and continue to increase the company's equity to ten billion kronor within five years.”
”We are pleased to welcome Hemfosa to NASDAQ OMX Stockholm, where they will join many of their peers in the strongest real estate sector in the Nordic region,” says Adam Kostyal, Senior Vice President at NASDAQ OMX. “We’re currently seeing a lot of listing interest and activity within the real estate market and Hemfosa’s successful IPO today is a proof point of this positive market sentiment.”
To view a CEO interview from the Hemfosa listing ceremony click here.
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