Orava Asuntorahasto Oyj - Company Announcement

ORAVA RESIDENTIAL REIT ACQUIRED APARTMENTS AND MADE AGREEMENTS TO SELL LOTS

Orava Residential REIT plc

Stock Exchange Release on 30 September 2015 at 9:00 pm



ORAVA RESIDENTIAL REIT ACQUIRED APARTMENTS AND MADE AGREEMENTS TO SELL LOTS

Orava Residential REIT has today signed a binding agreement to acquire 42
apartments from YIT Rakennus Oy for a debt-free purchase price of EUR 10.3
million. The acquired apartments are new and located in Helsinki, Espoo,
Hyvinkää, Turku, Raisio, Oulu, Kuopio, Rovaniemi and Vaasa. The apartments are
not leased. 

Housing companies owned by Orava Residential REIT have today signed conditional
agreements to sell five lots for a price of EUR 2.6 million. The lots are
located in Kerava, Lahti, Kaarina and Riihimäki. The closing of the deals is
conditional on finalising the required pledging arrangements. 

The combined impact of the transactions and the change in the fair value of
investment properties in July-August are estimated to be over EUR 2 million for
the third quarter result. 





Orava Residential REIT plc





Pekka Peiponen

CEO



Additional information

Pekka Peiponen, CEO, tel. +358 10 420 3104

Veli Matti Salmenkylä, CFO, tel. +358 10 420 302



http://www.oravaasuntorahasto.fi/