Brief: Genova Concludes Barter Agreement With Nyfosa: Acquires For SEK 477 Mln And Divests For SEK 657 Mln

Altra Fastigheter AB

31/03/2021 16:05

March 31 (Reuters) - Genova Property Group AB  GPGpref.ST :
    * GENOVA CONCLUDES BARTER AGREEMENT WITH NYFOSA - ACQUIRES
FOR SEK
477M AND DIVESTS FOR SEK 657M
    * WILL ACQUIRE TWO COMMUNITY SERVICE-ORIENTED PROPERTIES
WITH
ADDITIONAL BUILDING RIGHTS IN LUND AND HANINGE
    * WILL DIVEST FOUR COMMERCIAL PROPERTIES AND ONE PROJECT
PROPERTY
    * NYFOSA ENTERS INTO A COMBINED ACQUISITION AND DIVESTMENT
AGREEMENT - ACQUIRES FOR SEK 657 MILLION AND DIVESTS FOR SEK 477
MILLION
    * NYFOSA: ACQUIRED PORTFOLIO CONSISTS OF FIVE PROPERTIES
TOTALING
39,500 SQUARE METERS WITH AN ANNUAL RENTAL VALUE OF SEK 50 MLN
    * AVERAGE REMAINING CONTRACT PERIOD OF 6.6 YEARS

Source text for Eikon:  ID:nWkr54qPT5 
Further company coverage:  GPGpref.ST 

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