The acquisition entails an opportunity for ICA Real Estate to optimise its portfolio with the ambition to establish a new collaboration with a long-term partner in connection with the closing of the deal with Första AP-fonden.
All else unchanged, the acquisition, which will close on 1 April 2022, will increase ICA Gruppen’s net debt by SEK 0.9 billion and the key ratio EBITDA/Net debt by 0.1, until an arrangement with a new long-term partner has begun.
About Secore Fastigheter AB (Secore)
Secore was established in 2015, and the company’s business is to acquire, own, manage and develop real estate in Sweden with long-term leases where companies in ICA Gruppen are the primary tenants.
Property holdings: 40 properties
Lettable area: approximately 116,500 sq. m.
Rental revenue (2020): approximately SEK 183 million
Operating profit (2020): SEK +84 million
Secore is currently reported in accordance with the equity method in ICA Real Estate and accounted for SEK +30 million of ICA Real Estate’s operating profit in 2020.
For more information
This information is such that ICA Gruppen AB is obligated to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication by the contact person above at 14.50 CET on Thursday, 30 September 2021.