Baltic Sea Properties

M&A Activity • May 28, 2021

Baltic Sea Properties AS enters a MOU for an expansion project of 5.000 sqm for existing tenant

Baltic Sea Properties AS enters a MOU for an expansion project of 5.000 sqm for existing tenant

Baltic Sea Properties AS has reached a memorandum of understanding (MOU) with existing tenant, Delamode Baltics, of expansion on the existing cross-dock logistic terminal by approximately 5.000 sqm, with handover date expected during Q2 2022. Terms and conditions are expected to be at similar conditions as for the existing logistic center and will be reported in full after signing of final agreement expected to take place during the month of June.

Upon completion, the cross-docking logistic facility will be approx. 13.200 sqm.

For more information, please contact:

Lars Christian Berger

CEO

phone: +47 930 94 319

Lcb@balticsea.no

Baltic Sea Properties AS is a Norwegian real estate company focusing on

development and property management in the Baltics.

The company is one of the Baltics’ leading real estate investors and owns

approximately 130,000 m2 of Industrial, logistics & commercial projects in the

Baltics with a current expansion possibility for a further 100,000 m2 primarily

focused on industrial & logistics parks.

The information in this announcement is subject to disclosure requirements under

the EU Market Abuse Regulation and Euronext Growth listing rules.