ICA Fastigheter Acquires Alecta's 50% Stake in Ancore Fastigheter for SEK 8 billion.

ICA Fastigheter has acquired a 50% stake in Ancore Fastigheter from Alecta Fastigheter, valuing the underlying property at approximately SEK 8 billion. The deal includes 32 properties with a total leasable area of around 270,500 square meters. The transaction is expected to close on September 1 and is estimated to impact ICA Group's cash flow by around SEK 6 billion.

ICA Fastigheter has entered into an agreement to acquire Alecta Fastigheter's 50% shareholding in the joint venture Ancore Fastigheter. The transaction, valued at approximately SEK 8 billion, includes 32 properties with a total leasable area of around 270,500 square meters [1]. The acquisition is expected to close on September 1, 2025, and is anticipated to impact ICA Group's cash flow by approximately SEK 6 billion.

The deal underscores ICA Fastigheter's strategic commitment to the Swedish market and its long-term interest in this type of property. Jan-Erik Hellman, CEO of ICA Fastigheter, commented on the acquisition, stating that it strengthens their position and enhances flexibility in their property portfolio [1].

Ancore Fastigheter, founded in 2010, has been a significant player in the Swedish real estate market, with ICA Maxi and ICA Kvantum stores as primary tenants. The acquisition of Alecta Fastigheter's stake in Ancore Fastigheter is expected to further solidify ICA Group's presence in the market.

References:
[1] https://www.placera.se/telegram/ica-fastigheter-forvarvar-50-procentig-andel-i-ancore-fastigheter-20250708