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Episurf Medical has announced the acquisition of a real estate portfolio from Lilium in a deal valued at SEK 660 million. The portfolio is expected to add annual rental income of SEK 49 million and net operating income (NOI) of SEK 41 million to Episurf Medical’s business. The transaction is likely to be completed in the third quarter of 2026 and will be financed through a mix of a SEK 264 million share issue, a SEK 198 million convertible loan and bank funding. The acquisition marks a notable expansion of the company’s asset base and recurring income stream.
Episurf Medical has entered into an agreement to acquire a real estate portfolio from Lilium at an agreed property value of SEK 660 million, according to an announcement made on Friday.
The acquisition will add assets generating around SEK 49 million in annual rental income, along with an estimated SEK 41 million in yearly net operating income (NOI). The deal is expected to strengthen Episurf Medical’s recurring income base while expanding its exposure to income-generating real estate assets.
The company said the transaction is expected to be completed during the third quarter of 2026, subject to customary closing conditions and financing arrangements.
To fund the acquisition, Episurf Medical plans to use a combination of financing sources, including a SEK 264 million share issue, a SEK 198 million convertible loan and additional bank financing. The funding structure indicates a mix of equity and debt aimed at balancing capital requirements for the transaction.
The development comes at a time when several European companies are increasingly exploring real estate-backed investments and portfolio diversification strategies to strengthen long-term cash flow visibility. Property acquisitions linked to stable rental income have continued to attract interest despite financing costs remaining elevated across parts of Europe.
Episurf Medical is primarily known for its work in medical technology and orthopaedic solutions. The acquisition signals a broader investment move beyond its core operating business while adding a sizeable real estate component to its portfolio.
Source Reuters
5th Jun, 2025
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