Kid ASA – Sale of the Swedish property signed
Lier, 3 December 2024: Kid Group (“Kid”), a leading home textile retailer in the Nordics, announces today the sale of the warehouse and office property in Sweden to Storebrand Nordic Real Estate, a fund managed by Storebrand Asset Management. The Swedish property of approximately 57,000 square meters is sold for a total consideration of more than MNOK 600. Closing of the transaction is expected in December 2024, with an estimated positive P&L impact of around MNOK 30 for Kid in Q4-24. The total net cash flow effect for Kid is projected to be approximately MNOK 100, with two-thirds