Tre Kronor Property Investment AB (publ) signed a conditional agreement to acquire 50 properties, with 43 food stores, in Sweden at an underlying property value of SEK 903 million. The transaction, which is conditional upon completion of the issue and that the company receives proceeds amounting to at least SEK 325 million before transaction costs, will take place through company acquisitions. The acquisition is intended to be funded through the issue and new bank debt. The GSS Portfolio consists of 50 properties with 43 food stores, mainly in southern and central Sweden, which overlap well with Tre Kronor's existing properties. All properties are being acquired in company form through acquisition of all shares in AEVS Grocery Stores Sweden AB, a company that prior to the acquisition was managed by Brunswick Real Estate. In total, eight companies will be acquired, with each company own in one or more properties. The shares are being acquired at a preliminary purchase price of SEK 47 million based on an agreed underlying value of the properties, before deductions for deferred tax and technical deficiencies, of SEK 903 million. In addition to paying the purchase price for the shares, Tre Kronor will settle the companies' group and bank debts totaling a preliminary amount of SEK 715 million. After the acquisition, the total property value in Tre Kronor is calculated to amount to just over SEK 2,308 million. Through this acquisition, the Company's total leasable area is expanded by 68,787 square metres. The calculated net operating income increases through the acquisition from approximately SEK 87 million to approximately SEK 137 million annually. The calculated profit from property management before tax increases from approximately SEK 51 million to approximately SEK 80 million annually.