Heimar hf.: Acquisition of Tryggvagata ehf. Finalized

Core Acquisition Details - Heimar hf. has completed the acquisition of all shares in Tryggvagata ehf., with the sellers being MF2 hs. and Laxamýri ehf. The purchase price was settled through a combination of cash payment and assumption of debt [1] - Tryggvagata ehf. owns properties at Tryggvagata 14 and Tryggvagata 10 in downtown Reykjavík, with a total floor area of approximately 5,500 square meters. The acquisition includes a 106-room, four-star hotel and an adjacent office building [2] Property and Tenant Information - The properties are fully leased to Exeterhouse ehf., which operates Exeter Hotel, and Aton Jl. Exeter Hotel has established itself as a premier hotel in Reykjavík, known for its modern design and high-quality service, ensuring a strong occupancy rate [3] - The properties were constructed in 2018 and are located within Heimar's designated core operational areas, aligning with the company's strategic priorities [4] Strategic Importance - The CEO of Heimar, Halldór Benjamín Þorbergsson, emphasized that the acquisition of these centrally located properties is a significant step in the company's growth strategy, enhancing its property portfolio with premium leased assets [5] - Hjalti Gylfason, Chairman of the Board of Laxamýri ehf., expressed confidence in Heimar as a reliable real estate company, indicating that Exeterhouse ehf. will continue to operate the hotel under its current brand [6]