Brief: Jeudan Signs Agreement To Acquire Properties In Copenhagen

Jeudan A/S

02/05/2022 08:25

May 2 (Reuters) - Jeudan A/S  JDAN.CO 
    * SAID ON SATURDAY IT HAS SIGNED AN AGREEMENT TO ACQUIRE
ANTONIGADE 2-10, KRISTEN BERNIKOWSGADE 1-13, PILESTRÆDE 6-16 AND
ØSTERGADE 32-34 AND 42, TOGETHER KNOWN AS GALLERI K
    * ACQUISITION IS MADE THROUGH PURCHASE OF GALLERI K RETAIL
APS
WITH EQUITY AND INTEREST-BEARING DEBT OF APPROXIMATELY DKK 2
BILLION
    * PROPERTIES, WHICH HAVE A TOTAL AREA OF APPROXIMATELY
25,000 M²,
HAVE A DISTRIBUTION OF 41% OFFICES, 32% RETAIL, 6% RESTAURANTS
ETC. AND 21% BASEMENT AREAS ETC., INCLUDING PARKING
    * THE PROPERTIES WILL BE TAKEN OVER DURING THE SECOND
QUARTER OF
2022
    * JEUDAN'S TOTAL PROPERTY PORTFOLIO AFTER ACQUISITION
AMOUNTS TO
APPROXIMATELY DKK 33 BILLION
    * BASED ON ACQUISITION, JEUDAN HAS INCREASED ITS
EXPECTATIONS FOR
2022 TO A RESULT BEFORE FINANCIAL EXPENSES (EBIT) IN THE RANGE
OF DKK 975-1,025 MILLION(PREVIOUSLY BETWEEN DKK 935-985M)

Source text for Eikon:  ID:nNDL61B4xH 
Further company coverage:  JDAN.CO 
    
   

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