Heimar hf.: Acquisition of Gróska Completed

Core Viewpoint - Heimar hf. has successfully completed the acquisition of Gróska ehf. and Gróðurhúsið ehf., enhancing its property portfolio and increasing the proportion of certified assets [1][2]. Company Overview - Gróska is an innovation hub located in Reykjavík, comprising approximately 24,800 square meters, including office space and a parking facility [2]. - Gróðurhúsið operates as a startup incubator and coworking space within Gróska [2]. Financial Details - The acquisition was settled through the issuance of 258 million new shares in Heimar, which have been listed on Nasdaq [3]. - Following the transaction, Omega ehf. will become the largest shareholder in Heimar with an approximate 12.5% stake [4]. Strategic Importance - The acquisition aligns with Heimar's strategy to focus on strong hubs with diverse services near residential areas and efficient transport links [5]. - The property is BREEAM certified, increasing Heimar's certified assets from 38.9% to 41.1% [2]. Community and Tenant Mix - Gróska hosts a diverse range of tenants, including notable companies such as CCP, NetApp, and the University of Iceland Science Park, contributing to a vibrant community [3]. - The building's design and location are expected to support long-term demand for office and commercial space [5]. Vision and Future Outlook - The CEO of Heimar emphasizes the importance of Gróska in the company's portfolio, highlighting its potential for continued development and innovation [5]. - The Chairman of the Board of Gróska expresses confidence in Heimar as the right owner to further the development of the innovation center [6].