Brief: PPI Signs Net Lease Deal In Trelleborg

Public Property Invest ASA

25/11/2024 07:05

Nov 25 (Reuters) - Public Property Invest ASA
 PUBLI.OL :
    * PPI ACQUIRES PRE-SCHOOL IN SKÅNE, SWEDEN AND A TRIPLE NET
LEASE
WITH MUNICIPALITY OF TRELLEBORG
    * ACQUIRED A PRE-SCHOOL IN TRELLEBORG FOR A TOTAL PROPERTY
VALUE
OF SEK 102 MILLION
    * PROPERTY IS 1,745 SQM AND HAS AN ADJACENT LAND PLOT OF
6700 SQM
    * ANNUAL RENTAL INCOME IS SEK 6.2 MILLION AND LEASE IS
TRIPLE NET
WITH AN UNEXPIRED LEASE TERM OF 17 YEARS
    * TRANSACTION IS EXPECTED TO CLOSE ON 28TH FEBRUARY 2025.

Source text:  ID:nMFN91R7ZT 
Further company coverage:  PUBLI.OL 

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