KMC Properties ASA, a real estate company focusing on industrial and logistic properties, today announces that it has received acceptance of a conditional offer for the acquisition of the real estate company Engvej 13 ApS from Limo Labels A/S, owner of a labels production facility in Denmark, for DKK 75 million (approximately NOK 106 million). "The acquisition of Limo Labels' production facility provides KMC Properties with another exciting opportunity to deploy our capital to strengthen our portfolio, with a solid tenant on a clear growth trajectory in an expanding industry," says Liv Malvik, CEO of KMC Properties. "This transaction further diversifies our customer portfolio and increases our WAULT, as well as our portfolio yield and future dividend capacity." Limo Labels is the largest privately-owned manufacturer of labels in Denmark and among the main producers of labels in Scandinavia. KMC Properties will acquire the 39.762 sqm BTA of land and 21.111 sqm BTA of buildings for DKK 75 million (DKK 64 million net), with a yield-on-cost estimated at 7.1 per cent (8.2 per cent net) and lease it to Limo Labels on a triple-net bare house agreement, with an initial lease term of 15 years. Limo Labels has a total annual production capacity of 3 billion labels from its two production units in Stevnstrup and Birkerød in Denmark. KMC Properties is acquiring the production unit in Stevnstrup, in the commune of Randers. Limo Labels offers a world-wide delivery service of its label solutions. In 2020, Limo Labels had revenues of DKK 107 million, up 16 per cent from the previous year, and a profit of DKK 19 million, compared to DKK 7.9 million in 2019. KMC Properties will finance the acquisition through a combination of bank loan, cash, and equity. The transaction is subject to satisfying financing, as well as confirmatory due diligence. This is KMC Properties' fourth acquisition in Scandinavia announced in 2021. The company's portfolio currently consists of more than 40 assets, primarily in the Nordics, constituting approximately 360,000 sqm in total. For further information, please contact: Liv Malvik, CEO of KMC Properties ASA, tel. +4748003175 About KMC Properties ASA KMC Properties is an Oslo Børs-listed real estate company focusing on industrial- and logistic properties. The company has a diversified portfolio of properties in the Nordics and the Netherlands, as well as an office building in Moscow, Russia. The properties are strategically located and have long lease agreements with solid tenants. KMC Properties has an ambitious strategy to grow the portfolio through further development of existing properties, as well as M&A initiatives. The information is such that KMC Properties ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:00 CEST on 25 August 2021.