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On 9 November 2006 Schaumann Retail Finland 1 A/S acquired 17 shop properties, one warehouse facility and two development properties. Seven shop properties are in the design phase and/or under construction and are expected to be handed over in 2007 and 2008.
Except for the two development properties, the primary purpose is to operate the properties as letting properties.
The properties are fully let. The main tenants are Maskun Kalustetalo Oy, Finland's second-largest furniture chain with about 50 outlets, and Tokmanni Oy, Finland's largest chain of discount stores and the third-largest chain of grocery stores with 115 outlets. Maskun Kalustetalo Oy and Tokmanni Oy pay 49% and 21% of all rental income respectively.
Financing
The company raised part of the financing by issuing listed bonds. The bonds bear interest at a fixed rate of 8% p.a.
Prospectus
A prospectus dated 22 January 2007 describes in detail the terms of the bonds, the prospects of the company and the risks associated with investment in the bonds.
Click here to download prospectus for Schaumann Retail Finland 1 A/S in PDF (139 pages in Danish)
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