Vendus Sweden is a real estate company focused on properties within the attractive food retail segment, investing in assets with stable cash flows across Sweden. Vendus has created a solid platform of 51 properties, with around 77 percent of rental income derived from key players in the grocery sector with an asset value of SEK 2.3 billion.

Vendus is raising equity to capitalize on attractive investment opportunities and to establish an efficient capital structure enabling a continued growth journey with the ambition to grow the property value to at least SEK 6bn within a three-year period.

In addition to the directed new share issue to Nordika, Vendus intends to raise up to an additional SEK 450 million from existing investors in a rights issue. The founders, management and current main shareholder MEL & ME will commit to invest at least SEK 110 million out of the additional SEK 450 million providing Vendus with up to SEK 850 million in new equity.

In connection with the capital raises, Vendus will undergo a structural change, transforming into a streamlined real estate company with an in-house organization, enhancing its ability to grow and attract capital in future capital raisings. As part of this, Vendus will acquire a management organization from Real Value Management Nordic AB, which has provided property management and transaction services to Vendus on a consultancy basis, a relationship that will now end.

Roschier Advokatbyrå, PwC, and Newsec acted as advisors to Nordika.