Storm Real Estate to acquire KMC Properties.

Storm Real Estate agreed to acquire KMC Properties, a privately owned real estate company, for £89m from EBE Eiendom, a company controlled by the Bekken and the Thoresen family, and Kverva Industrier, as well as certain minority shareholders. "This partnership is very attractive to KMC Properties. The combined company will have a very solid platform for growth. Our real estate portfolio includes 40 properties with business-critical locations for our tenants. We have a pipeline of attractive growth opportunities and by teaming up with Storm Real Estate, we get a listing at Oslo Børs, enabling access to capital, as well as access to the extensive industrial knowledge the management in’ Storm possess," Liv Malvik, KMC Properties CEO.