“PPI has a clear strategy to grow by being a leading consolidator of social infrastructure properties in the Nordics. These properties house important social institutions on long lease contracts and fit our portfolio strategy very well,” says Ilija Batljan, CIO of PPI.

“I have followed PPI since the IPO and I am impressed by the company's growth journey. It is exciting for us to see that the portfolio we have built, will now become part of PPI’s already strong base of social infrastructure in the Nordics,” says Carl Erik Krefting.

The transaction will be settled through a combination of NOK 140 million in cash and NOK 85 million in new shares in PPI at a share price equivalent to NOK 18.5 per share. The total number of new shares to be issued is 4,594,620, and the resolution to issue such new shares will be made at closing of the transaction. The transaction will close on the 3rd of April 2025.