KMC Properties ASA has signed a lease agreement with a service provider for an additional 4 100 m2, with an initial lease of 10 years and an option to extend, starting between 2 January and 1 March 2023. The tenant is a large and solid company specialized in delivery of groceries. The annualised lease for the current contracts amounts to NOK 5.7 million for 2023 and NOK 8.0 million (excluding CPI adjustment) for 2024.

The contracts will be subject to 100% CPI adjustment from 1 January 2024. In addition, almost half the property is currently vacant, enabling a potential for significant additional income. By entering this new contract, Kuraas will consolidate its operations, improving efficiency and profitability.