ICA sells real estate property to Klaveness Eiendom AS
ICA sells real estate property to Klaveness Eiendom AS Oslo 1 February, 2007
ICA Eiendom AS has sold Sjølyst Arken to Klaveness Eiendom AS for NOK 330 million.
The property, that is located in Sjølyst west of Oslo, contains an ICA Maxi store as well as offices. More offices are to be built in the property. The buyer takes over the property on the 1st of February 2007.
"The sale of Sjølyst Arken is in accordance with our strategy of selling fully developed properties in order to free up capital, which we then invest in the development of new stores and shopping malls", says Rolf Hansteen, Managing Director of ICA Eiendom AS.
The agreement will positively affect ICAs operating result by approximately NOK 90 million during 2007.
For further information, please contact: ICA press hotline, phone +46 70 253 66 60
----------------------------------------------------------------------------------------------------- About ICA The ICA Group (ICA AB) is one of the Nordic regions leading retail companies, with around 2,300 of its own and retailer-owned stores in Sweden, Norway and in the Baltic States. The Group includes the sales companies ICA Sverige, ICA Norge, Rimi Baltic and Etos. ICA also offers financial services to Swedish customers through ICA Banken. ICA also owns half of Netto Market, with above 80 stores in Sweden. 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 http://www.ica.se