Bevest ASA ("the Company"), through its subsidiary Corvus Estate AS, has entered
into an agreement to acquire the property at Kalvøyvegen 13, Jøsnøya, Hitra,
from AKVA Group ASA in a sale-and-leaseback transaction. The transaction is
expected to complete in September 2026.
As part of the transaction, a purpose-built "bare house" facility will be
constructed on the property. Once completed, AKVA Group ASA will lease the new
facility under a triple-net lease with a term of 13 years from handover. Until
the new facility is completed, AKVA Group ASA will continue to occupy and lease
the existing building on the property.
The total property comprises approximately 35 daa on Jøsnøya, Hitra - one of
Norway's most important industrial clusters for suppliers to the aquaculture and
fish-farming industry, with direct quay access and proximity to critical marine
and industrial infrastructure. Beyond the new facility and the existing
building, the site includes substantial fully developed land with significant
potential for further industrial development.
The transaction is aligned with the Company's strategy of building a dedicated
real estate platform within logistics and light industrial, characterised by
long leases and solid tenants supporting stable cash flow. It extends the
portfolio rotation pursued since the acquisition of Corvus Estate, following the
Oppdal transaction earlier this year.
Contacts
Bjørnar André Ulstein
Tel: +47 402 30 785
About the Company The Company is a long-term partner for companies in industrial
production, real estate and seafood. Headquartered in Trondheim, the group
operates across several countries and employs thousands of professionals
committed to driving sustained profitable growth and value creation within its
portfolio companies. Through active and responsible ownership, the group
maintains a long-term perspective with sustainability at the core. For more
information: www.bevest.com
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