STOCKHOLM, Sweden, May 15, 2002 (PRIMEZONE) -- Fastighets AB Tornet has sold seven properties at a price of approximately SEK 61 million with a total capital gain of approximately SEK 12 million. Five of the properties mainly contain housing and are situated in Lysekil, Malmo and Karlstad. The other two properties are in Vasteras and Kungalv. The latter property comes from Tornet's acquisition of Amplion.
After the sales, Tornet's capital gains during 2002 total approximately SEK 23 million, of which SEK 20 million during the first quarter 2002.
More information on sold properties is available on www.tornet.se under the heading Properties/List of properties.
Danderyd, 15 May 2002
Fastighets AB Tornet (publ)
For further information, please contact: Sverker Lerheden, Managing Director, Fastighets AB Tornet, +46-8-544 905 00 Britt-Marie Einar, IR Manager, Fastighets AB Tornet, +46-8-544 905 08, +46-70-576 92 08
FASTIGHETS AB TORNET (publ)
Fastighets AB Tornet is one of Sweden's major listed property companies. Its holding has a lettable area of approximately 3.1 million square metres and a book value of approximately SEK 19 billion. More than 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities, Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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