ICA Gruppen AB: ICA Real Estate completes acquisition of warehouse property in Helsingborg
ICA Real Estate has today taken possession of the warehouse property Kolven 2 in Helsingborg, Sweden, in accordance with the agreement concluded on 5 June 2013. The acquisition of the property is being made by Långeberga Logistik AB, a newly formed company owned jointly by ICA Real Estate and occupational pensions company Alecta. The seller is Tribona AB. The agreed property value amounts to SEK 931 million.
The acquisition of the warehouse property in Helsingborg is part of development towards a more modern and efficient logistics structure for ICA Sweden. The warehouse in Helsingborg will be upgraded and expanded by approximately 34,000 square metres and will be ready in 2015.
Catella Corporate Finance was financial advisor for this transaction.
For more information
ICA Gruppen press service, phone number: +46 70 253 66 60
ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 1.30 pm CET on Thursday, 15 August 2013.
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 and the three Baltic states. 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 fully-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