KMC Properties ASA (OB:KMCP) entered into agreement to acquire Industrial Real estate portfolio from BEWi ASA (OB:BEWI) for ?55 million on September 29, 2023. The agreements are subject to certain conditions precedents being fulfilled and closing is expected to take place in the fourth quarter of 2023.On December 2023 Sales of two of the seven properties were completed. As of May 15, 2024 BEWI announces that the divestments of all properties except one included in this transaction, are now completed.

The first part of the transaction was closed in December 2023, and divestment of an additional property was completed in March 2024. As per the end of the first quarter of 2024, approximately ?20 million was outstanding, of which approximately half has been completed in May. Closing of the remaining property will take place as soon as all conditions precedents are fulfilled.