STOCKHOLM, Sweden, June 4, 2002 (PRIMEZONE) -- Mandamus is purchasing a residential property from Tornet in Malmo. The block comprises 1,725 m2 altogether, including 1,422 m2 of housing space. Rental income for the property amounts to SEK 1,650 thousand a year. The building was erected in about 1940 and underwent extensive renovation and conversion in the late 1990s. The price is SEK 16m.
Comments from Anders Johansson, Managing Director of Mandamus The property acquired is immediately adjacent to one of our existing properties, and is a good complement to our residential property stock in Malmo.
Queries
Please address any queries to Mandamus' Managing Director Anders Johansson on phone +46-8-566 13000 or e-mail anders.johansson@mandamus.se; Deputy Managing Director Bengt Evaldsson on phone +46-8-566 13000 or e-mail bengt.evaldsson@mandamus.se; or Regional Manager Anders Silverbage in Skane on phone +46-46-198 555 or e- mail anders.silverbage@mandamus.se.
Mandamus is a property company that aims to own, develop and manage residential properties with a high yield, mainly in growth areas in Southern and Central Sweden. Mandamus owns properties with a book value of around SEK 5,800m, yielding an annual rental income of just under SEK 900m.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/06/04/20020604BIT01060/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/04/20020604BIT01060/wkr0002.pdf