ICA sells properties in Sundsvall and Kungsbacka to Ancore
Solna, Sweden, December 1, 2011
ICA Fastigheter AB is selling the commercial properties Ljusta 7:5 in Sundsvall and Skårby 3:31 in Kungsbacka to Ancore Fastigheter AB. The properties’ largest tenant is Maxi ICA Stormarknad.
The underlying property value is about SEK 450 million and the properties comprise around 22,000 square meters of lettable area.
“The sale frees up capital that can be invested in ICA’s retail network at the same time that we retain control over these two marketplaces,” says Lena Boberg, CEO of ICA Real Estate.
The transaction does not generate a capital gain for the ICA Group, since ICA retains control over the properties through Ancore.
Catella Corporate Finance has served as a financial advisor in the transaction.
Ancore Fastigheter AB was formed as a joint venture between ICA and Alecta in late 2010. The company acquires and owns Swedish properties with long leases where ICA is the principal tenant. During the third quarter another commercial property, Noret 2:75 in Mora, was acquired from NorCap AB. After the acquisitions, Ancore Fastigheter has a property value of about SEK 3 billion.
For further information, please contact:
Lena Boberg, CEO of ICA Real Estate, tel +46 70 591 01 65
ICA’s press office, tel. +46 70 253 66 60
The ICA Group (ICA AB) is one of the Nordic region’s leading retail companies, with around 2,150 of its own and retailer-owned stores in Sweden, Norway and the three Baltic states. The Group includes 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. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit www.ica.se