D. Carnegie & Co purchases property in Uppsala and sells building rights

The residential property company D. Carnegie & Co AB (publ) - listed on Nasdaq
Stockholm – has entered into an agreement with Rikshem to acquire a property in
Uppsala for the agreed underlying property value of SEK 78 million. At the same
time, D. Carnegie & Co is selling a commercial property with potential building
rights located in Solna to Rikshem for the underlying property value of SEK 49
million which entails a capital gain of SEK 11 million. Both transactions are
taking place in a corporate form and closing will be in early 2016.
The property acquired by D. Carnegie & Co consists of group living and
residences.
"This is a supplemental acquisition. The property in Uppsala is adjacent to D.
Carnegie & Co’s existing portfolio. The sale in Solna is evidence of the value
of our potential building rights", says Ulf Nilsson, CEO of D. Carnegie & Co.
For more information, please contact:
Ulf Nilsson, CEO, D. Carnegie & Co, tel. +46 (0)8 – 121 317 25
About D. Carnegie & Co
D. Carnegie & Co is a real estate company focusing on residential properties in
the Stockholm region. The Company’s business concept is to own and manage its
real estate portfolio and to gradually refurbish apartments in connection with
the natural turnover of tenants. This can take place quickly and cost
-efficiently due to our Bosystem refurbishment method which, among other things,
does not require tenants to vacate the premises. The Company also creates
significant value through the development of building rights in the existing
portfolios. As of 30 September 2015, the market value of the company's
properties amounted to MSEK 12,592. As per 30 September 2015, the total rental
value amounted to MSEK 1,293 annually. The financial leasing rate is high with
no vacancies. D. Carnegie & Co is listed on Nasdaq Stockholm.