KlaraBo completed the acquisition of a housing portfolio in Östersund with a total of 877 rental apartments. The transaction was communicated in July and was conditional on entering a loan agreement in line with the credit decision prior to taking over. KlaraBo has now entered a loan agreement in line with the conditions, thereby completing the transaction.

The acquisition is financed by bank loans with a maturity of three years with a fixed interest rate totaling 1.4% and existing cash. As a company, KlaraBo is financed exclusively through bank loans and following the acquisition, based on figures per 30 June, its loan-to-value ratio will be 49%. The average interest rate amounts to 2.16% and KlaraBo's fixed-interest period and lock-in period after the acquisition amount to 2.58 and 2.96 years, respectively.

KlaraBo takes over the portfolio on Sep. 30, 2022. Following the acquisition, a total of approximately 6,500 rental apartments are under management, corresponding to approximately 492,570 sq.

m., which means that the company is getting close to its stated operational goal to own and manage at least 500,000 square metres of residential floor space by the end of 2025. KlaraBo's cash funds amount to more than SEK 300 million after the acquisition and its credit facilities total just over SEK 1,300 million.