Brief: Genova Partially Divests Two Properties In Norrtälje At An Underlying Property Value Of About SEK 1.3 Bln

Genova Property AB

10/06/2024 19:32

June 10 (Reuters) - Genova Property Group AB  GPGR.ST :
    * GENOVA PARTIALLY DIVESTS TWO PROPERTIES IN NORRTÄLJE AT AN
UNDERLYING PROPERTY VALUE OF APPROXIMATELY SEK 1.3 BILLION
    * HANDELSMANNEN 1 WILL BE COMPLETED AT END OF 2024 AND WILL
CONSIST OF 246 RENTAL APARTMENTS
    * GENOVA WILL REMAIN WITH OPERATIONAL RESPONSIBILITY FOR
PROPERTIES AND COMPANIES VIA A MANAGEMENT AGREEMENT
    * CLOSING FOR HANDELSMANNEN 1 IS ESTIMATED TO TAKE PLACE
DURING Q1
OF 2025

Source text for Eikon:  ID:nWkr59SQ7v 
Further company coverage:  GPGR.ST 

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