Pioneer Property Group ASA

M&A Activity • Sep 30, 2016

Acquisition of twelve Finnish pre-school properties

Acquisition of twelve Finnish pre-school properties

Pioneer Property Group ASA's subsidiary Pioneer Public

Properties Finland Oy has entered into agreement to acquire

twelve pre-school properties in Finland for a total property

value of MEUR 22. The properties have been acquired from

Trevian Care II Ky and are all leased out to the leading

private pre-school operator Touhula on fifteen year triple-

net contracts. Total annual rent is approx. MEUR 1.4 with

full annual cpi adjustments. Closing will be the fourth of

October.

The portfolio is partly financed with a MEUR 13.2 loan in

Danske Bank at competitive market-based terms, and the

remaining equity portion from the cash reserves in Pioneer

Public Properties AS.

Enquiries

Martin P. Hoff, CFO

+47 47214721

www.pioneerproperty.no