Brief: KlaraBo Acquires Portfolio Of Almost 880 Rental Apartments

Klarabo Sverige AB

14/07/2022 12:57

July 14 (Reuters) - KlaraBo Sverige AB  KLARAb.ST :
    * ACQUIRES PORTFOLIO OF ALMOST 880 RENTAL APARTMENTS IN
ÖSTERSUND
AND COMPLETES LARGEST ACQUISITION AS LISTED COMPANY
    * ACQUISITION WAS COMPLETED AT AN UNDERLYING PROPERTY VALUE
OF SEK
890 MILLION
    * FOLLOWING DEDUCTIONS FOR LATENT TAX, TRANSACTION WAS
COMPLETED
FOR APPROXIMATELY SEK 13,850 PER SQ. M
    * ACQUISITION WILL INCREASE KLARABO'S EARNINGS BY 15 PER
CENT
COMPARED WITH ITS EARNINGS CAPACITY IN Q2 OF 2022
    * RENTAL VALUE AMOUNTS TO APPROXIMATELY SEK 65 MILLION
    * ACQUISITION IS FINANCED BY BANK LOANS WITH A MATURITY OF
THREE
YEARS WITH A FIXED INTEREST RATE TOTALING 1.4 PERCENT AND
EXISTING CASH

Source text for Eikon:  ID:nWkr93ZD8J 
Further company coverage:  KLARAb.ST 

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