Nobia has entered into a binding agreement with Hines, regarding the sale of the kitchen factory property under construction in Jönköping. The agreed value of the kitchen factory property amounts to SEK 1,350 million. In total, Nobia's cash proceeds are estimated to amount to SEK 1,090 million.

Out of the cash proceeds, approximately SEK 330 million are withheld by the buyer and will be paid to Nobia according to certain conditions up until the final completion of the property. In addition, the buyer will assume expenditures for completing the remaining construction work. The sale will result in an impairment of the property book value of approximately SEK 100 million.

The transaction is structured as a "sale and leaseback"-transaction whereby Nobia will also enter into a 20-year rental agreement for the property with the buyer, with an option for Nobia to extend the rental agreement for another 20 years. The installation of machinery and production equipment is progressing as planned and manufacturing of kitchen cabinet components for assembly at other sites as well as flat-pack kitchen cabinets for customers has started. At the end of 2024, the new kitchen factory will have the capability to produce complete kitchen orders.