D. CARNEGIE & CO AB ACQUIRES 1,420 APARTMENTS IN THE STOCKHOLM REGION
D. Carnegie & Co AB (publ) has entered into an agreement to acquire 27 properties for SEK 2.47 billion (before deduction for deferred tax amounting to SEK 0.21 billion). The properties are located in Järna, Södertälje and Nynäshamn, all within the Stockholm region. The properties are near to other D. Carnegie properties. The transaction is a share deal with closing scheduled in the first half of 2018.
The properties comprise 1,420 residential apartments. The annual rental value amounts to SEK 134 million.
- ”We are very pleased to be acquiring this high-quality portfolio which further increases our exposure to the fast-growing Stockholm region. We would also like to thank Akelius for a swift and smooth process” says Svein Erik Lilleland, interim CEO of D. Carnegie & Co.
The properties are acquired from Akelius.
For further information, please contact interim VD Svein Erik Lilleland, phone nr.+46 8 121 317 25
This information is information that D. Carnegie & Co AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 6 p.m. CET on 15 December 2017.
About D. Carnegie & Co
D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the company's renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 20,594 million on 30 September 2017. The total rental value amounted to SEK 1,562 million annually on 30 September 2017. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.