STOCKHOLM, Sweden, May 06, 2004 (PRIMEZONE) -- As of today, the Swedish real estate company Bostads AB Drott is listed on Stockholmsborsen.
Bostads AB Drott is one of the larger private real estate companies in Sweden. The company owns, manages and develops residential properties in Sweden's growth regions. The Group's property portfolio comprises a total of approximately 1,020,000 sq. m. of rentable space, of which about 868,000 sq. m. is residential. The aggregated market value of the properties was approximately SEK 9,400 m at year end 2003.
Drott, Bostadsaktiebolaget will be listed on the O-list, section "Other shares" after DORO AB.
"We warmly welcome Bostads AB Drott to Stockholmsborsen," says Kerstin Hessius, Stockholmsborsen's President.
Daniel Skoghall, President of Bostads AB Drott, comments: "After a period of intense preparations it is now time to become listed. We believe that a real estate company focused on residential properties in Sweden's growth regions, will be very appreciated by our share holders as well as future share holders."
Photos from the welcoming ceremony and a web cast interview with Bostads AB Drott's President, Daniel Skoghall, are available on www.stockholmsborsen.se under Changes and News/Listings.
Information about the industry classification and similar details is also available on www.stockholmsborsen.se under Changes and News/ Press Releases and Exchange Notices/Search/Equity related information.
OMHEX is a leading provider of marketplace services and transaction technology to financial and energy markets. Through its exchange operations within Stockholmsborsen, HEX Helsinki, HEX Tallinn and HEX Riga, OMHEX operates northern Europe's largest securities market and offers investors access to 80% of the Nordic and Baltic equity markets. The central securities depositories in Finland, Estonia and Latvia are also part of OMHEX.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/05/06/20040506BIT00210/wkr0001.pdf