Brinova Fastigheter AB (publ) (OM:BRIN B) entered into agreements to acquire seven properties in Eslöv, Kävlinge and Vellinge for approximately SEK 960 million on November 22, 2016. As per terms, five properties in Eslöv are being acquired for approximately SEK 690 million, which will be financed through a combination of existing cash means, a new bank loan and promissory note payable to the seller where the promissory notes amount to approximately SEK 150 million and it is intended to refinance with cash from the rights issue. Properties in Kävlinge and Vellinge are being acquired for approximately SEK 280 million and are considered to be related party transactions, subject to the decision on Brinova's Annual General Meeting 2017. Possession of Eslöv properties is expected to take place on November 29, 2016 while possession of the property in Vellinge is planned for May 2017.