Brief: Studentbostäder I Norden To Acquire A Student Housing Project In Copenhagen

Studentbostader I Norden AB (publ)

12/04/2022 09:12

April 12 (Reuters) - Studentbostader I Norden AB (publ)
 STUDBO.ST :
    * STUDENTBOSTÄDER I NORDEN AB (PUBL) (“SBS”) HAS SIGNED AN
AGREEMENT TO ACQUIRE A STUDENT HOUSING PROJECT WITH 173 UNITS
LOCATED IN COPENHAGEN
    * GROSS ASSET VALUE IS ESTIMATED TO APPROX. DKK 344.5
MILLION
    * HANDOVER IS SCHEDULED FOR DECEMBER 2023.
    * PROJECT IS EXPECTED TO GENERATE AN ANNUAL RENTAL INCOME OF
APPROX. DKK 16.6 MILLION
    * PROJECT WILL BE FINANCED BY A LOAN PROVIDED BY A DANISH
MORTGAGE
BANK AT AN LTV OF APPROX.
    * PROJECT WILL BE FINANCED BY A LOAN PROVIDED BY A DANISH
MORTGAGE
BANK AT AN LTV OF APPROX. 69 PERCENT UPON COMPLETION.

Source text for Eikon:  ID:nMFN3Xfflz 
Further company coverage:  STUDBO.ST 

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