Opus has signed an agreement for a proposed sale and leaseback of properties
Opus has signed an agreement for a proposed sale and leaseback of various properties held by Opus. The closing of the sale and leaseback is conditioned upon certain conditions precedent, including buyer’s due diligence. Opus expects to close the transaction in September 2020. The buyer-lessor is Fundamental Income Properties, LLC. The sales price is expected to be approximately SEK 500 million, and the estimated pre-tax gain for Opus Group is around SEK 300 million. The lease agreements will give Opus an initial term and optional renewal terms to allow for a total of up to 35 years. The