D. Carnegie & Co acquires residential property portfolios in Arboga, Köping and Tranås
D. Carnegie & Co AB (publ) – listed on Nasdaq Stockholm – has entered into an agreement to acquire residential property portfolios in Arboga, Köping and Tranås. The seller is Fastighets AB Balder (publ). The property portfolios comprises 42 properties and 1,681 apartments. The agreed property value is SEK 1,420 million and the purchase price amounts to SEK 1,040 million. The transaction is a share deal with closing on May 2, 2017.
The property portfolios have a total lettable area of approximately 152,900 sqm out of which approximately 124,700 sqm is made up of residential area. The existing property management organisation is included in the transaction.
– Through this acquisition we strengthen our position on the Swedish real estate market and the acquired properties are well fitting in our value-creating business model, says Ulf Nilsson, CEO of D. Carnegie & Co
For further information, please contact:
For D. Carnegie & Co AB
Ulf Nilsson, CEO, phone nr +46 (0)8 – 121 317 25
Jonas Andersson, Chief Investment Officer (CIO) & Head of Financing, phone nr +46 70 770 5974
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 2:00 p.m. CET on February 9, 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 Bosystem 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 SEK15,887 million on 30 September 2016. The total rental value amounted to SEK 1,366 million annually on 30 September 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.
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