Hemfosa - a disgrace to the real estate market!

The landlord's actions forces NTEX Logistics to settle
 

Now we are forced to liquidate our affiliated company, NTEX Logistics. The reason is our landlord, Hemfosa Real Estate. The floor in the terminal is defective, and it can only hold for 15 percent of the weight load that was promised us in our rental agreement. It is no wonder NTEX Logistics is bleeding money but Hemfosa dodges all contact which is why settlement is the only way to go.

It was nearly two years ago when our affiliated company NTEX Logistics realised that the floor of the terminal does not hold for the weight load we were promised by our landlord, Hemfosa Real Estate, in our rental agreement.

We initiated a dialogue and after several tests found that the floor could only hold for 15 percent of the weight load of what was agreed upon. After this, the large listed company Hemfosa Real Estate vanished. They do not respond to telephone calls, emails or letters. Given the above, I decided it is appropriate to say that this company is a shame for the real estate market.

The poor floor has cost us several million SEK. It is estimated that it cost about 35 million SEK in lost revenue and will cost us numerous more millions because of the liquidation. In my world, you do not treat people this way. We at NTEX will never behave in such a way, whether it is towards our staff, customers, suppliers or anyone we encounter in business.

Now it is down to the lawyers to settle this in court. The first hearing was held recently, after which the judge noted that "the whole thing is a complicated case." Our lawyers expect that the case will be heard in court within the next year.