ICA Real Estate divests properties in Linköping and Älmhult to Ancore

ICA Fastigheter Sverige AB is divesting the retail properties Glaskulan 3 in Linköping and Folkparken 4 in Älmhult to Ancore Fastigheter AB. The largest tenant in the properties is Maxi ICA Hypermarket.

The underlying property value amounts to approximately SEK 435 million and comprises of approximately 18,000 square metres ofleasable area.

“As a result of this sale, capital will be released which can be invested in ICA’s store network at the same time as we retain influence over these two marketplaces,” says Lena Boberg, CEO of ICA Real Estate.

Catella Corporate Finance acted as financial advisor to ICA Real Estate in this transaction.

Ancore Fastigheter AB was formed as a joint venture between ICA Real Estate and Alecta at the end of 2010. The company acquires and owns properties in Sweden with long leases where ICA is the main tenant. Following these acquisitions, Ancore Fastigheter has a property value in excess of SEK 4 billion.

For further information, please contact

Lena Boberg, CEO ICA Real Estate, tel. +46 70 591 01 65

ICA Gruppen’s press service, tel. +46 702 53 66 60

ICA Gruppen AB (publ) is one of the Nordic region’s leading retail companies, with around 2,400 of its own and retailer-owned stores in Sweden, Norway, Estonia, Latvia and Lithuania. The Group includes the retail companies ICA Sweden, ICA Norway and Rimi Baltic, ICA Real Estate, which owns and manages properties and ICA Bank, which offers financial services to Swedish customers. The Group also includes the wholly owned portfolio companies Forma Publishing Group and inkClub and partly owned portfolio companies Cervera, Hemtex and Kjell & Company. For more information see www.icagruppen.se