The agreed upon property value amounts to approximately EUR 34M before deduction of deferred tax etc. Part of the purchase is financed through newly issued Capital Share certificates of EUR 3M.
 
The property consists of three buildings of a total of 164 apartments.
 
Estimated annual rental income after completion amounts to approximately EUR 2M.
 
“After the completed acquisition the company’s real estate portfolio will amount to approximately EUR 122M with a good diversification of geographical location, kind of assets and tenants. We do not rule out additional emissions and acquisitions within the frame of the company’s investment strategy,” says David Ekberg, COO at Estea AB.