Brief: KMC Properties Signs LoI With BEWI For Development Of Packaging Hub At Hitra

Bevest ASA

03/03/2021 07:09

March 3 (Reuters) - Kmc Properties ASA  KMCP.OL :
    * KMC PROPERTIES SIGNS LETTER OF INTENT WITH BEWI FOR
DEVELOPMENT
OF
    * DEAL FOR DEVELOPMENT OF A NEW PACKAGING FACILITY ON
JØSNØYA,
HITRA, ON WEST COAST OF CENTRAL NORWAY
    * NEW FACILITY SHALL BE OWNED BY KMC PROPERTIES AND LEASED
TO BEWI
    * INITIAL LEASE TERM IS SET AT 15 YEARS, WITH AN OPTION FOR
BEWI
TO EXTEND LEASE TERM TWO TIMES BY FIVE YEARS EACH TIME

Source text for Eikon:  ID:nObiFXnJqa 
Further company coverage:  KMCP.OL 

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