STOCKHOLM, Sweden, July 1, 2003 (PRIMEZONE) -- Wihlborgs has sold 12 properties in Stockholm, Malmo and Lund for a total of SEK 316 million at a profit of SEK 41 million. The profit will be included in the result for the second quarter of 2003.
- 3 residential properties in Malmo have been sold to newly formed housing cooperatives - 9 properties, including 5 residential properties in Skarholmen, Stockholm, have been sold to private investors
"This year we have so far sold properties for SEK 1,857 million at a total profit of SEK 285 million," said Erik Paulsson, President and CEO, Wihlborgs Fastigheter AB.
"We are continuing to sell residential properties, in line with our strategy. So far this year we have sold 36 residential properties," Erik Paulsson continued.
For further information:
Erik Paulsson, President and CEO Tel.: +46 (0)8-555 148 18, +46 (0)733-87 18 18
Olle Knaust, deputy CEO and CFOTel.: +46 (0)8-555 148 10, +46 (0)733-87 18 10
Mats Berg, communications managerTel.: +46 (0)8-555 148 20, +46 (0)733-87 18 20
Properties sold Property Municipality Region Category Area, sqm Brantholmen 1 Stockholm Stockholm Residential 13,785 Brantholmen 2 Stockholm Stockholm Residential 13,450 Fagelholmen 1, 2 Stockholm Stockholm Residential 6,153 Fagelholmen 3 Stockholm Stockholm Residential 463 Sicklaon 145:16 Nacka Stockholm Project - Banken 1,15 Lund Oresund Retail 3,787 Kannan 13 Lund Oresund Office 217 Reval 4 Malmo Oresund Residential 1,172 Ingelstad 3 Malmo Oresund Residential 1,418 Inland 2 Malmo Oresund Residential 2,116
Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest real-estate companies, with real estate to a book value of SEK 19.7 billion. The real estate, which is concentrated on the Stockholm and Oresund regions, has a rental value on a twelve-month basis totalling SEK 2.2 billion, and a rentable area of 2 million square metres. The company has offices in Stockholm, Malmo, Copenhagen and Helsingborg. Wihlborgs' shares are listed on Attract40 on the Stockholm Stock Exchange's O-list.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/07/01/20030701BIT00320/wkr0001.doc
http://www.waymaker.net/bitonline/2003/07/01/20030701BIT00320/wkr0002.pdf