Stockmann to sell its Book House property
STOCKMANN plc, Stock Exchange Release 9.5.2018 at 15:00 EET Stockmann has signed an agreement to sell its Book House property in Helsinki city centre to AEW Europe City Retail Fund for a sales price of EUR 108.6 million. The closing of the transaction will take place on 24 May 2018. The transaction has a positive profit/loss effect of EUR 7 million and a positive cash flow effect of EUR 108 million for Stockmann. “We are pleased that the property has found a stable, reliable and professional property owner. The Book House has an excellent location and a strong tenant mix, which