Nivika to Sell Three Residential Properties, Buy Commercial Property in Sweden
Nivika Fastigheter (NIVI-B.ST) said July 3 it agreed to sell three residential properties in Vetlanda, Sweden, and buy a commercial property in the same municipality. The real estate company is selling the Hygiea 3, Banken 14 and Banken 18 properties at an underlying property value of 170 million kronor. It also granted the unnamed buyer the option to purchase its remaining residential properties in Vetlanda in the autumn at a combined book value of 190 million kronor. Simultaneously, the company is purchasing the Trucken 7 property at an underlying value of 33.5 million kronor. Completion of both transactions is expected later in the third quarter, with the acquisition subject to the completion of the sale. Meanwhile, Nivika said it completed the divestment of its residential development site at Hygiea 1 in Vetlanda at an underlying valuation of 14.3 million kronor.
Nivika Fastigheter (NIVI-B.ST) said July 3 it agreed to sell three residential properties in Vetlanda, Sweden, and buy a commercial property in the same municipality.
The real estate company is selling the Hygiea 3, Banken 14 and Banken 18 properties at an underlying property value of 170 million kronor.
It also granted the unnamed buyer the option to purchase its remaining residential properties in Vetlanda in the autumn at a combined book value of 190 million kronor.
Simultaneously, the company is purchasing the Trucken 7 property at an underlying value of 33.5 million kronor.
Completion of both transactions is expected later in the third quarter, with the acquisition subject to the completion of the sale.
Meanwhile, Nivika said it completed the divestment of its residential development site at Hygiea 1 in Vetlanda at an underlying valuation of 14.3 million kronor.