Heimar hf. Finalizes Strategic Acquisition of Gróska ehf.
Heimar hf. Completes Acquisition of Gróska ehf.
The recent completion of the acquisition by Heimar hf. of all shares in Gróska ehf. marks an important milestone for the company. Gróska, alongside Gróðurhúsið ehf., provides Heimar with significant assets that bolster its portfolio in the innovative landscape of Iceland.
Overview of the Acquisition
Gróska, located in a vibrant area, boasts approximately 18,600 square meters of office space complemented by a spacious underground car park, enhancing its attractiveness as a premier office building. This new acquisition elevates Heimar's portfolio by increasing the percentage of BREEAM certified properties from 38.9% to 41.1%, underscoring its commitment to sustainability.
Details of the Property
Notably, this property houses key tenants that are leaders in their respective industries, including the game developer CCP and the University of Iceland Science Park. This enriches the community atmosphere of Gróska as it houses a diverse range of innovative companies. The synergy within these tenants aligns perfectly with Heimar’s philosophy of combining living, working, and entertainment spaces.
Financial Aspects of the Transaction
As part of the deal, Heimar has issued 258 million new shares, which have now been listed on Nasdaq. This strategic move enables the current owners of Gróska and Gróðurhúsið to benefit directly, while Heimar solidifies its position in the real estate market.
New Shareholder Dynamics
In a significant shift, Omega ehf. will acquire shares from Björgólfur Thor Björgólfsson, positioning them as the largest shareholder in Heimar at approximately 12.5%. This new dynamic could introduce fresh perspectives and growth opportunities within the company.
Insights from Leadership
Halldór Benjamín Þorbergsson, CEO of Heimar, expressed his enthusiasm for the acquisition, indicating that Gróska represents a pivotal addition to their property portfolio. He emphasized the potential for sustained demand for the office and commercial spaces within Gróska, given its prime location near the university and city center.
Vision for the Future
Birgir Már Ragnarsson, Chairman of the Board of Gróska, reflected on the significance of this transition. He highlighted how the collaboration with CCP set the foundation for creating a hub of innovation that aligns with global tech campuses. This vision will continue under Heimar's stewardship, ensuring the legacy of Gróska as a center for creative industries thrives.
Conclusion
With the skilled guidance of LEX and LOGOS during the transaction process and a renewed focus on innovative property management, Heimar's acquisition of Gróska shines a light on its ambitions within the Icelandic real estate market. As Heimar hf. moves forward, the integration of such a dynamic and historic property promises to unleash new potential for growth and creative endeavors.
For further information, please contact Halldór Benjamín Þorbergsson, CEO of Heimar, at tel. +354 821 0001.
Frequently Asked Questions
What is the significance of the Gróska acquisition for Heimar?
The acquisition enhances Heimar's portfolio by increasing the proportion of certified assets and provides a vibrant community of innovative tenants.
How many shares were issued for the acquisition?
Heimar issued 258 million new shares as part of the acquisition deal, which have been listed on Nasdaq.
Who will be the largest shareholder in Heimar after this acquisition?
The investment company Omega ehf. will become the largest shareholder with an approximate 12.5% stake in Heimar.
What types of companies are tenants in Gróska?
Tenants include prominent organizations such as CCP, NetApp, and the University of Iceland Science Park, fostering a community focused on innovation.
What is Heimar's future outlook following this acquisition?
Heimar aims to continue developing Gróska as a hub for creative industries and maintain a strong presence in Iceland's commercial real estate market.
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