Ovaro, a real estate investment company, has sold the shopping center property of the Forum shopping center located in Jyväskylä to two buyers. The first part of the property was sold to For Järvi-Suomen Asunnot Oy for a debt-free purchase price of just under 4.2 million euros. The second part was sold to Royal House Oy, an entity controlled by a member of the company’s board of directors, for just under 4.9 million euros.
After transaction-related expenses and deferred taxes, the profit effect of the deal is about one million euros, which will be recorded in the H1 2024 half-year report. Marko Huttunen, CEO of Ovaro, expressed satisfaction with the sale and stated that it will have a positive impact on their resources for projects in Jyväskylä Kukkula.
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