Acta clients sell real estates with billion kroner profits

The companies Boligutleie Holding I AS and Hyresfastigheter Holding I AB are selling all of its real estate properties, and the companies Boligutleie Holding III AS and Hyresfastigheter Holding III AB are through subsidiaries selling approximately 20 per cent of its real estate properties. The companies, which are owned by Acta's clients, are selling approximately 11,100 apartments in Sweden. The selling price is slightly above 7 billion Swedish kroner. The buyer, Willhem AB, is a recently established company, which strategy is to invest in Swedish rentals. Willhem AB is owned by Första AP-fonden (AP1), one of Sweden's largest pension funds. 

Despite the financial crisis, both Boligutleie Holding I and Hyresfastigheter Holding I, which were launched in 2003, have yielded very good returns in the investment period. In total, the clients have realized a profit of approximately 1.3 billion Swedish kroner.
- Compared with similar investments in real estates in the same period,  we are proud to present these returns to our clients. The transaction proves that secondary markets in real estate are recovering, says CEO in the Acta Group Geir Inge Solberg. Acta Markets, has together with others, been advisor in the transaction. Acta is pleased  to have participated as advisor in this transaction, and that our efforts to become a complete supplier of financial services  have paid off, says Solberg.

The sale, which is subject to approval in extraordinary general meetings in the respective real estate companies before year-end,  will in principle imply a reduction in assets under management for Acta with slightly less than 6 billion Norwegian kroner. However, the Group expects many of its satisfied clients to reinvest part of the equity in other investment products offered by the Acta Group. After this transaction Acta's clients will have more than 64 billion Norwegian kroner invested through the Acta Group, of which 39 billion Norwegian kroner are in real estate portfolios.

For further comments please contact:
Geir Inge Solberg, CEO, phone +47 908 78 043

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)