Due to the public takeover bids from LSTH Svenska Handelsfastigheter AB and Trophi Fastighets AB in which the acceptance periods have not ended, Tre Kronor considers it important that the shareholders have as current information as possible about potential future acquisitions. The company therefore provides an update on ongoing acquisitions as follows.
Tre Kronor Property Investment AB evaluates and carries out ongoing acquisitions of new properties. The company announces today that it has entered into declarations of intent regarding the acquisition of ten properties totaling 11,267 square meters with an estimated property value of approximately NOK 322 million. All properties are located in Norway. The average additional rental period for the properties is just over eight years. Through the acquisition, Tre Kronor's rental value increases by approximately NOK 19.8 million. No final acquisition agreements have yet been entered into and the company will update further as soon as binding agreements have been entered into.
The Board's statement due to the revised public takeover bid from LSTH Svenska Handelsfastigheter AB, which was published in a press release on May 6, 2021, will not be changed due to this press release.
JLL Transaction Services AB has acted as financial advisor.