Heimar hf. Secures Major Property Sale to Propel Strategy
Heimar hf. Finalizes Sale of Five Key Properties
Heimar hf. is making decisive moves by accepting a purchase offer from Módelhús ehf. for five properties that lie outside the company's main operational areas. This strategic sale aligns perfectly with Heimar's ongoing vision to enhance its investment portfolio.
Details of the Properties Sold
The properties included in this sale are situated at notable locations, specifically Eyrartröð 2a, Norðurhella 10, and Reykjavíkurvegur 74 in Hafnarfjörður, alongside Vatnagarðar 6 and Vatnagarðar 8 in Reykjavík. Collectively, these sites encompass a substantial area of approximately 8,962 square meters.
Financial Aspects of the Sale
The total sale price has been set at ISK 3,275 million. Remarkably, this transaction is expected to yield an estimated profit of ISK 351 million for Heimar hf. Currently, the rental income generated from these properties stands at around ISK 250 million annually. The proceeds from this sale are earmarked for new investment opportunities that align with the company's future strategy, positioning Heimar for ongoing growth.
Next Steps in the Transaction Process
However, it's important to note that the purchase offer is contingent on standard conditions, which include property inspections and securing financing. Heimar anticipates that the agreements for these sales will be finalized by the end of November 2024, paving the way for the next phase in their business strategy.
Company Contact Information
For any inquiries or further information regarding this transaction, please reach out to Halldór Benjamín Þorbergsson at +354 821-0001. He will provide additional insights into the sale and its contribution to Heimar's future endeavors.
Frequently Asked Questions
What properties did Heimar hf. sell?
Heimar hf. sold five properties located in Hafnarfjörður and Reykjavík as part of its strategic realignment.
What is the sale price for the properties?
The total sale price for the properties is ISK 3,275 million.
How much profit is Heimar expected to gain from this sale?
The estimated profit from this sale is ISK 351 million.
What will the proceeds from the sale be used for?
The proceeds from the sale will be reinvested in line with Heimar's investment strategy.
When is the purchase agreement expected to be signed?
The purchase agreements are anticipated to be signed no later than November 2024, pending customary conditions.
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