Papyrus divests warehouses and office properties in Vantaa, Finland
Papyrus has on May 30, divested its warehouse and office property in Vantaa, Finland to SaKa Hallikiinteistöt Oy*, a Finnish real estate investment company.
Simultaneous to the transaction the parties entered into lease agreement for the property. The property has a leasable area of 8,900 m2, the transaction price was 6.9 m€.
The arrangement is part of Papyrus strategy to improve capital utilisation and strengthen the business.
Papyrus, with net sales of EUR 1 896 million in 2010, is a leading European merchant in paper, facility supplies and industrial packaging. The company is currently present in 22 countries across Europe and employs some 2 700 people. Papyrus supports more than 65,000 customers by providing products and services that enhance efficiency and contribute to a more successful business. With a long tradition and record of excellence, Papyrus is committed to staying at the forefront by offering quality products, high service levels and reliable logistics solutions. The Papyrus head office is located in Göteborg, Sweden .
For further information, please contact:
Jyri Rautakoura, Managing Director Papyrus Finland Oy, Tel. +358 2077 49417