STOCKHOLM, Sweden, Jan. 9, 2004 (PRIMEZONE) -- Fastighets AB Tornet is selling 22 properties located in eight municipalities. This sale is taking place for a total price of approximately SEK 705 million with a capital gain of approximately SEK 105 million, of which approximately SEK 65 million affects Tornet's income for 2003. Five properties were relinquished during the fourth quarter of 2003, the other properties are to be handed over in the first quarter of 2004.
By acquisition of the remaining shares in FGB Bostader AB, Fastighets AB Tornet's subsidiary Malmstaden is obtaining three properties in Linkoping. The total market value of the properties is approximately SEK 155 million.
More information about the properties is available on Tornet's website www.tornet.se under the heading Properties/List of properties.
Danderyd, 9 January 2004
Fastighets AB Tornet (publ)
For further information, please contact: Sverker Lerheden, Managing Director, Fastighets AB Tornet, +46-8-544 905 00
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.8 million square metres and a book value of almost SEK 19 billion. Over 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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