Sales process
To NasDaq OMX Copenhagen A/S
Public announcement no. 474
June 2, 2020
SALE OF INVESTMENT PROPERTY
The Board of Directors has decided to initiate a sales process for the investment properties in Selandia Park A/S (assets) or the entity holding the Selandia Park real estate (shares). The sale will strengthen the liquidity and the capital.
Selandia Park A/S was established on June 1st, 2016 and operates as a standalone business unit with income statement shown in a separate segment.
Selandia Park A/S' business objective is to invest in and operate a property portfolio. Almost all properties are leased out. Glunz & Jensen is a minor lessee in Selandia Park with less than 2% of the total area.
In financial year 2019/20 rental income in Selandia Park A/S decreased to DKK 12,1 million (2018/19: DKK 12,5 million), excluding rental income from Glunz & Jensen. Selandia Park segment assets were DKK 142,9 as of March 31st, 2020, and segment liabilities, including financial indebtedness of DKK 67,2, as of that date were DKK 90,5 million.
Glunz & Jensen expects to announce the annual report for 2019/20 on June 4th, 2020.
For further information:
CEO Martin Overgaard Hansen, phone
Chairman of the Board of Directors Flemming Nyenstad Enevoldsen, phone
