WE KNOW HOW TO HANDLE YOUR UPSCALED PROJECTS

Financial Management

Hemfosa Real Estate

BACKGROUND

Hemfosa Real Estate has more than 400 properties and it is Sweden's second largest private owner of community buildings. In the fall of 2016, a procurement of financial management was undertaken where an important parameter was to find a long-term partner with the skills and ability to handle the extensive portfolio. A procurement which Newsec won.

We are very pleased with the cooperation so far and we look forward to develop it further together Karin Osslind, Hemfosa

CHALLENGE

The challenge Newsec faced was to create an organization and an efficient way of working to manage Hemfosa's large portfolio while delivering top quality financial services at the same time. Another important parameter was to set up an available and transparent team that works with Hemfosa's own management organization.

SOLUTION AND OUTCOME

Key factors contributing to the ongoing project’s positive development are a combination of successful internal and external recruitments. With great internal knowledge of Newsec's systems and working methods and external recruitments with experience of large corporations, a tailor-made team could be put together.

From the beginning of the project, Newsec has delivered high-quality financial statements in time for Hemfosa's extensive portfolio but also handled the implementation of a number of major acquisitions made by the client. Newsec has managed to create an organization with transparent communication towards the client, which has led to a genuine relationship with personal response, increased flexibility and great commitment.

  • Summary Newsec handles the financial management of Hemfosa's real estate portfolio.
  • Location Sweden
  • Customer Hemfosa
  • Status 5-year agreement with start 1 April, 2017
  • Services provided Financial Management

Contact

Ulla Pernheden Head of Financial Management, Newsec Property Asset Management in Sweden +46 708 44 30 67