Stockmann has agreed on the sale of its department store property in Helsinki city centre and continues with a long-term leaseback agreement
STOCKMANN Oyj Abp, Inside Information 21.3.2022 at 9:00 EET Stockmann has today, according to the corporate restructuring programme, agreed on the sale of its department store property in Helsinki city centre to the pension provider Keva. The value of the transaction is EUR 400 million, of which approximately EUR 391 million will be paid in connection with the transaction. The remaining part will be taken into account in the rent during the next few years. The net yield is approximately 4.2 per cent. The sale is subject to customary closing conditions and Stockmann expects the sale to be
