BEWI – Sale of industrial real estate portfolio to KMC Properties for NOK 2.0 billion
BEWI ASA, a leading provider of packaging, components, and insulation solutions, has today entered into an agreement with a wholly owned subsidiary of KMC Properties ASA (“KMC Properties”) for the sale of up to 24 properties and one land plot, with a gross asset value of up to approximately NOK 2.0 billion. In connection with the transaction (the “Property Transaction”), long term triple net rental agreements will be entered into for the properties. “This divestment is in line with our strategy and similar to previous transactions, including the divestments in the Netherlands and Denmark