KMC will use the proceeds to acquire seven light industrial, net leaseproperties from BEWI ASA with a WAULT of 17 years with 100 percent CPI adjustments for NOK 625 million (EUR 55.5 million), at an accretive yield of 8.75 percent.


In addition, Nordika has in this transaction subscribed to additional call options for NOK 130 million (EUR 11.5 million) at a strike price of NOK 5.75 (EUR 0.51) per share whereproceeds will be used to repay debt or to acquire new properties.

“KMC has been on our radar for some time, and we are happy to finallyget the opportunity to invest in the company. KMC is a well operated lightindustrial and logistics real estate company that provides us with attractiveexposure in a defensive market segment with several global mega trendssupporting the case. The company represents a unique platform for expansion,and we look forward to support KMC in its future growth. We have a long-termperspective when investing in KMC and look forward to the continued goodcollaboration,” says Jonas Grandér, CEO of Nordika.

“We are thrilled to continue our accretive growth, andto bring a new strategic investor on-board that is aligned with our strategyand targets. In addition, attractive new bank debt shows that we receivecontinued support from banks in times of increased macro uncertainty. This is atestament to our strong portfolio and the work laid down over the past years.The transaction further improves all our KPIs and brings us closer to ourvision of becoming the preferred real estate partner for logistic andindustrial companies,” says Liv Malvik, CEO of KMC Properties.


Colliers, Wikborg Rein and PWC advised Nordika in the transaction.