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BRIEF-Orava Residential REIT acquired more than 100 apartments
October 1, 2014 / 8:59 AM / 3 years ago

BRIEF-Orava Residential REIT acquired more than 100 apartments

Oct. 1 (Reuters) - Orava Asuinkiinteistorahasto Oy

* Orava Residential REIT said on Tuesday acquired 58 apartments from Skanska at a debt-free price of 13.5 million euros

* Orava Residential REIT acquired 54 apartments in Kotka at a total debt-free purchase price of 1.45 million euros from A. Ahlstrom Kiinteistot Oy

* In the directed issue subscribed on Tuesday, the company issued a total of about 115 thousands new shares

* The transaction concluded and the binding agreement were estimated to improve the company’s result for the third quarter by over 2.0 million euros

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