Danish Firm NKT Completes $34 Million Sale Leaseback of US Properties

NKT Web Site - April 12, 2006

Nilfisk-Advance A/S has sold two properties in the United States for $34.5 million. Transfer of the properties will take place on April 12, 2006. Proceeds realised from the sale will be around 100 mDKK. The transaction comprises a 44,000 m2 property in Plymouth, Minnesota, and a 21,500 m2 property in Springdale, Arkansas. The former houses both Nilfisk-Advance's US head office and production facilities, and the latter contains production and storage facilities. Nilfisk-Advance has signed 10-year leases on the facilities. Sphere: Related Content