Oslo, 23 December 2020
Following completion of the KMC transaction as announced on 20 December 2020, the board of directors of Storm Real Estate ASA (the "Company") has today appointed Liv Malvik as new CEO of the Company. Liv Malvik comes from the position as CEO of KMC Properties AS.
For further information, please contact:
Charlotte Knudsen, tel. +47 9756 1959
Kristoffer Holmen, tel. +47 928 14 862
About Storm Real Estate ASA
Storm Real Estate ASA is a Norway-based investment company active in the real estate sector. The company is quoted on the main list at the Oslo Stock Exchange (ticker STORM).
About KMC Properties AS
KMC Properties is a real estate company focusing on industrial- and logistic properties. The company has a diversified real estate portfolio consisting of 39 properties in the Nordics and in the Netherlands. The properties have long lease agreements (WAULT of approx. 11.8 years) with solid tenants, strategically located to key customers and key areas for the tenants. KMC Properties has a portfolio value of approximately NOK 3 billion and an ambitious strategy to grow the portfolio. The company will grow through both expansion and development of existing properties, as well as M&A initiatives.
This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.