ICA Real Estate to acquire Första AP-fonden’s stake in Secore Fastigheter
ICA Real Estate today entered into an agreement to acquire Första AP-fonden’s 50 per cent stake in the jointly owned company Secore Fastigheter AB (Secore). The total underlying property value in Secore is approximately SEK 3 billion, and the purchase price for the shares is SEK 738 million. In addition, Första AP-fonden's share of Secore's debt of SEK 712 million will be taken over. Secore’s total debt amounts to SEK 1.4 billion.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