D. Carnegie & Co AB (publ) has entered into an agreement with Byggmästare Anders J Ahlström Fastighets AB (publ) to acquire 1,274 apartments in Stockholm for SEK 1,673 million (15,900 SEK/sqm), before deducting deferred tax amounting to approximately SEK 80 million. The acquisition is structured as a share deal. The portfolio's rentable area amounts to 105,000 sqm. There is, in addition, expected to be considerable upside in the portfolio's building rights potential. The properties are located in Albyberget, Alby, Botkyrka municipality in Stockholm and are adjacent to other D. Carnegie properties. The transaction will be combined with the issue of new shares to the seller resulting in a combined cash (92% of the consideration) and share (8% of the consideration) transaction, with closing scheduled during the second quarter 2018. The purchase price of SEK 1,593 million will consist of a cash component in an amount of SEK 1,468 million and a share component valued at SEK 125 million, with an undertaking of the seller to not divest the shares within a period of 6 months from reciept. The issue of new shares is the result of a request from Byggmästare Ahlström to become a shareholder in D. Carnegie. Byggmästare Ahlström will subscribe for 1,016,000 series B-shares in D. Carnegie, representing 1.1% of the shares and 0.9% of the votes in D. Carnegie (after completion of the rights issue in D. Carnegie). The shares will be issued at the time of closing of the transaction, at a price per share corresponding to an EPRA NAV of SEK 123 per share as of 31 December 2017, adjusted for the rights issue in D. Carnegie, which the company considers to be on market terms. The company views Byggmästare Ahlström's desire to become a shareholder in D. Carnegie positively, showing that the company's shares represent an attractive investment proposition. The shares will be issued using the board authorization resolved upon by D. Carnegie's annual general meeting. Additionally, D. Carnegie and Byggmästare Ahlström together intend to form a Foundation, Stiftelsen Mitt Alby, with a SEK 10 million capital injection. The purpose of the Foundation is to support ambitious individuals, organizations and enterprises in Botkyrka in various ways, including financially. Its proposed chairman is Gerda E. Larsson, previous Byggmästare Ahlström's Chief Social Officer. Mikael Ahlström and Svein Erik Lilleland will also serve as directors of the board in the Foundation. The properties consist of several buildings located close to each other, and comprises 1,274 residential apartments. The 2017 annual rental income amounted to SEK 103 million. The properties have an estimated refurbishment ratio of 5%. The transaction remains conditional upon Byggmästare Ahlström's parent company approving the transaction at its general meeting to be held on or about 23 April 2018. Autus Invest AB and Alesco SA, representing in total 45.31% of the shares and 58.68% of the votes in Byggmästare Ahlström's parent company, have undertaken to vote in favour of the transaction at the general meeting. The transaction is furthermore conditional upon Nordic Trustee, as agent for the bond issued by Byggmästare Ahlström, irrevocably agreeing to the transaction, prior to the closing date. Furthermore, the parties have agreed on a conditional purchase price component, if a planned and initiated co-op conversion comprising 124 residential apartments in the area is completed by, at latest, December 31, 2018. The conditional purchase price component will amount to a share of the expected profit from such a co-op conversion and is to be paid in cash.