UK's Accsys has completed the purchase of the land and buildings associated with its Accoya® plant and logistics centre in Arnhem, the Netherlands, as the company says in the press release received by Lesprom Network.
The purchase, from its landlord Bruil for Euro 23 million, was announced on 1 May 2018, subject to finance. It has been financed with a partially amortising five year package comprising Euro 19 million from ABN AMRO and a commercial loan of Euro 4 million.
The financing terms will result in a lower overall income statement charge over the next 20 years. The acquisition also reflects Accsys’s continued successful efforts to improve its overall financing arrangements.
Ownership of the land is expected to provide enhanced strategic options, operational security and greater flexibility in respect of the use of the land.