PPI acquires pre-school in Skåne, Sweden and a triple net lease with Municipality of Trelleborg

Public Property Invest ASA ("PPI") has acquired a pre-school in Trelleborg for a total property value of SEK 102 million. Trelleborg is located in Skåne municipality in Sweden. The property is 1,745 sqm and has an adjacent land plot of 6700 sqm. Annual rental income is SEK 6.2 million and the lease is triple net with an unexpired lease term of 17 years. The pre-school was built by Acrinova and finalised in 2021. Energy-efficient building construction and renewable energy supply through solar panels and geothermal energy ensures long-term sustainable property management and operations.

"PPI has an opportunistic growth strategy and aims to become a leading consolidator of social infrastructure properties. This new-built, energy efficient property with a solid yield and long wault marks an attractive entrance into the Swedish market for PPI" says Ilija Batljan, Interim CEO.

The transaction is expected to close on 28th February 2025.

For further information, contact: Ilija Batljan, Interim CEO, email: [email protected]

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2024-11-25 08:00 CET.