D. Carnegie & Co focuses purely on residential properties – sells Vårberg Centrum

D. Carnegie & Co AB (publ) - listed on Nasdaq Stockholm - has sold its 60% stake in Vårberg Centrum and is thereby focused purely on residential properties, primarily in the Stockholm region. The transaction has been carried out through the sale of a company with an underlying property value of SEK 210 million. 

“Within a short period of time we have sold those holdings that are not part of our core business. Our focus now lies on creating further value by developing and renovating our residential properties in the Stockholm region or within commuting distance to the capital city,” says Ulf Nilsson CEO of D. Carnegie & Co.

Vårberg Centrum has been bought by A Group Of Retail Assets Sweden AB. Payment is in the form of 1,920,000 Class B shares in A Group Of Retail Assets Sweden AB.

For further 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 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. 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 MSEK 11,700 on 31 March 2015 and the total rental value is estimated at MSEK 1,190 annually. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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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 SEK 15,887 million as of September 30 2016. The total annual rental value amounted to SEK 1,366 million as of September 30 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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