NOTE sells real estate in Lund, Sweden, for SEK 44 m
The purchaser is Swedish property company Estancia Bostad AB. A multi-year lease contract is being signed with NOTE Lund as tenant simultaneous with the sale. This transaction has a positive effect on NOTE’s operating profit in the first quarter, of approximately SEK 20 m.The sales agreement, which is a share transfer agreement, contains no reservations about the purchaser’s financing. Completion is scheduled for 1 April this year."I’m really pleased we’re doing this deal now, which strengthens our liquidity and Balance Sheet further. We have recently decided to make a range of
