Carnegie Investment Bank is proud to have acted as joint bookrunner and manager in connection with the NOK 300 million private placement in KMC Properties ASA.
The net proceeds from the private placement will be used in connection with several projects across three different asset categories:
(i) Capex: KMC Properties has several income generating capex projects amounting to a gross amount of approx. NOK 12 million;
(ii) Greenfield projects: KMC Properties has two greenfield projects, a packaging hub for BEWI ASA at Hitra, Norway and a salmon slaughterhouse for Slakteriet AS, amounting to a total amount of approx. NOK 865 million, out of which the company is only obligated to complete the packaging hub for BEWI ASA, amounting to NOK 200 million in committed investments; and
(iii) the BEWI portfolio: KMC Properties has entered into an agreement with BEWI ASA for the acquisition of up to 24 properties and one land plot with a gross asset value of up to approx. NOK 2.0 billion, out of which the company is under an obligation to acquire the Norwegian and Swedish assets in the BEWI portfolio (valued at approx. NOK 940 million).
KMC Properties is an Oslo Børs-listed real estate company focusing on industrial- and logistic properties. The company has a diversified portfolio of properties, mainly in the Nordics and the Netherlands. The properties are strategically located and have long lease agreements with solid tenants. KMC Properties has an ambitious strategy to grow the portfolio through further development of existing properties, as well as M&A initiatives.
Carnegie congratulates Liv Malvik, Kristoffer Holmen and the rest of the team at KMC Properties with the successful transaction.