Hemfosa Fastigheter AB is to invest just over SEK 114 million in the renovation and tenant -specific modification of an existing, vacant property in central Gothenburg, Sweden. The property will be leased to SOS Alarm with a 20 -year lease. The project is in line with Hemfosas strategy of developing the potential of its existing property portfolio. Hemfosa has signed a lease with SOS Alarm for approximately 3,300 sqm in a vacant property in the Gamlestaden district of Gothenburg. The lease includes renovation and tenant-specific modification, which are scheduled to be completed in the second half of 2020. The lease extends from the occupancy date and the investment expense is estimated to just over SEK 114 million. Hemfosa owns an adjacent property of about 22,000 sqm primarily comprising public-sector offices. The property currently has a leasing rate of approximately 95%. The City of Gothenburgs vision for Gamlestaden is to develop this district into a center and make it the connecting link between the north -eastern and central city districts. Hemfosa views its investment in the property as part of this development.