HL18 is its own group consisting of twelve properties located in central Sweden and 13 companies. The property's book value is SEK 714 million, which thus disappears from the group. The reason for the mortgage realization is that the company has not been able to pay interest on the bonds since January 1 this year. Remaining in the OPH group is a property in Hedemora with a book value of NOK 40 million.

Due to the pledge realization, an extra general meeting has been held in HL18. Leif West (chairman), also CEO of Gelba, Per Taube and David Uddare Sevelin were elected as the new board. On this day, extra general meetings were also held in all HL18's twelve property-owning subsidiaries. New board of directors in group companies from today consists of Leif West as regular member with Per Taube as deputy.

Gelba intends to become familiar with and manage the day-to-day operations of the HL18 Group with the aim that the change of ownership will have the least possible impact on the company's tenants.

"This was not unexpected. Dialogue about a change of ownership has been going on for a long time and BHC (the bond consortium) hired a brokerage firm last spring to find interested parties for HL18. For the time being, OPH will continue to manage the management of HL18 but in due course that too will pass We will return to what this means for Oscar Properties Holding shortly," writes Oscar Properties in a comment.