Kesko and Niam Retail Holding Finland AB have completed the real estate deal in which Kesko sold 77 retail properties in various parts of Finland to Niam Retail Holding Finland AB. In addition to real estate owned by Kesko Group, 15 real estate properties owned by the Kesko Pension Fund were also sold at the same time.
Ownership of the above real estate was transferred to the buyer today upon receipt of the sale price. The sale price concerning the real estate sold by Kesko Group is over €200 million. Kesko Group's gain on the disposal is €99.8 million.
All the above premises have been leased back for the use of Kesko's division parent companies under 5-year or 10-year lease agreements with extension options. The concluded deal will cause no changes in retail store operations.
Source: Kesko
