The properties are located in Gävle, Falun, Luleå, Umeå, Sandviken, Borlänge, Timrå, Ljusdal, Hudiksvall, and several other towns within NP3’s market areas. The leasable area amounts to 51,700 square meters with a total land area of 228,100 square meters. The annual rental value is SEK 66.2 million, and the portfolio’s average occupancy rate is 96 percent. The average remaining lease term is eight years. Seven properties have already been transferred, 21 will be transferred at the end of Q3, and two at the beginning of Q4, one subject to approval from the Swedish Inspectorate of Strategic Products (ISP). Coop Mitt is the largest tenant, representing SEK 57.2 million in annual rent across 22 lease agreements.

“NP3’s existing property management organization reaches 96 percent of the portfolio’s value within 30 minutes from our current holdings. This enables us to offer Coop Mitt strong, localized management while also benefiting from economies of scale, thereby achieving attractive risk-adjusted returns. With this transaction, Coop Mitt becomes one of NP3’s largest clients, and we look forward to a long-term partnership,” says Andreas Wahlén, CEO of NP3 Fastigheter.

“Coop Mitt is a financially stable cooperative whose mission is to deliver value to our members, who are also our customers. Our focus should therefore remain on our retail offering, not on property management. We see NP3 as the best long-term partner to provide us with that opportunity,” says Magnus Wåhlander, CEO of Coop Mitt.