KMC Properties has today sold a property located in Täby, Sweden, for SEK 68
million to Frentab Fastigheter, reflecting book value. The property has a
valuation yield of 6.14 per cent and a WAULT of 4.3 years.
"We are happy to sell the property at Täby to Frentab Fastighter who will
develop it further. The selling price at book value support that our properties
have a strong and stable market value with low residual risk", says Liv Malvik,
CEO of KMC Properties. "We will invest the proceeds from the sale in accretive
long-WAULT properties. We see plenty of opportunities in the current market".
The property comprises of a total land area of 14,196 square meters and a
building area of 4,278 square meters, with potential for further development in
the form of unused building rights.
The transaction closed today, 13 October 2023.
For more information, please contact:
Liv Malvik, CEO tel. +4748003175
Kristoffer Holmen, CFO tel. +4792814862
Christian Linge, Investment Manager tel. +4746637846
KMC Properties ASA
KMC Properties is an Oslo Børs-listed real estate company focusing on
industrial- and logistic properties. The company has a diversified portfolio of
properties in the Nordics and the Netherlands. The properties are strategically
located and have long lease agreements with solid tenants. KMC Properties has
an ambitious strategy to grow the portfolio through further development of
existing properties, as well as M&A initiatives.