STOCKHOLM, Sweden, Sept. 26, 2002 (PRIMEZONE) -- Wihlborgs has sold 14 properties, 11 of them residential. The sales total is SEK 665 million and the total profit SEK 101 million. Wihlborgs has also acquired the remaining 50% of a previously part-owned property in Malmo.
Sales in the Oresund region
A total of ten residential properties have been sold in the Oresund region, six of them in Malmo and four in Trelleborg. Two of the residential properties in Malmo, Ingelstad 4 and Ljungbyhus 10, have been sold to newly formed housing cooperatives. Wihlborgs has also sold a small industrial property in Malmo, Vatet 11.
Sales in the Stockholm region
Wihlborgs has sold the industrial property Jordbromalm 6:13 in Haninge Municipality to the pharmaceutical company Recip AB, which is moving its head office there. Establishing Recip in Haninge will also facilitate great expansion of the company's production.
Through the sale of Landstingsmannen 1, which has been acquired by a newly formed housing cooperative, Wihlborgs has sold all residential properties in Bagarmossen. Wihlborgs has also sold an office property in Sollentuna, Sjoboden 1.
Acquisitions in Malmo
Wihlborgs is acquiring the remaining 50% of the previously part-owned industrial property Boplatsen 3 in Malmo, with a total area of 27,488 m(squared), which will thus now be wholly owned by Wihlborgs. The purchase price is SEK 116 million. The acquisition is being made at a direct yield of over 9%.
"So far in 2002 we have sold properties for over SEK 2.8 billion, and will be continuing sales during the autumn above all of residential properties," commented Erik Paulsson, President and CEO of Wihlborgs Fastigheter.
Wihlborgs Fastigheter AB (publ)
For further information:
Erik Paulsson, President & CEO,
tel +46 (0)8-555 148 18, +46 (0)733-87 18 18
Olle Knaust, deputy CEO,
tel +46 (0)8-555 148 10, +46 (0)733-87 18 10
Mats Berg, communications manager,
tel +46 (0)8-555 148 20, +46 (0)733- 87 18 20
Properties sold
Property Municipality Region Type m(sqared)
Landstingsmannen 1 Stockholm Stockholm Residential 22,447
Jordbromalm 6:13 Haninge Stockholm Ind./warehouse 11,000
Sjoboden 1 Sollentuna Stockholm Office/Industr. 6,575
Ingelstad 4 Malmo Oresund Residential 1,113
Oscarstorp 3 Malmo Oresund Residential 859
Oscarstorp 4 Malmo Oresund Residential 878
Christinelund 4 Malmo Oresund Residential 1,083
Christinelund 5 Malmo Oresund Residential 1,173
Ljungbyhus 10 Malmo Oresund Residential 7,239
Vatet 11 Malmo Oresund Ind./warehouse 2,523
Halleflundran 2 Trelleborg Oresund Residential 5,189
Myran 31 Trelleborg Oresund Residential 5,267
Myran 32 Trelleborg Oresund Residential 3,968
Oden 34-35 Trelleborg Oresund Residential 3,537
Properties
acquired
Property Municipality Region Type m(squared)
Boplatsen 3 (50%) Malmo Oresund Office 13,744
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