BEWI – Sale of Industrial Real Estate Portfolio to KMC Properties

We are assisting BEWI ASA in the sale of up to 24 properties and one land plot to a wholly owned subsidiary of KMC Properties ASA. The gross asset value of the transaction is up to approximately NOK 2.0 billion. In connection with the transaction, long term triple net rental agreements will be entered into for the properties.

The purchaser is under the agreement obligated to acquire the Norwegian and Swedish properties and it has an exclusive right to acquire the remaining part of the portfolio, including properties in Germany, Belgium, Poland, Finland, and Denmark. We are assisting BEWI ASA as regards the Finnish part of the transaction.

BEWI is an international provider of packaging, components, and insulation solutions.

KMC Properties is a real estate company focusing on owning and developing industrial properties.