D. Carnegie & Co purchases property portfolio in Eskilstuna

The residential property company D. Carnegie & Co AB (publ) - listed on Nasdaq Stockholm – has entered into an agreement to acquire a property portfolio in Eskilstuna. The sellers are Prubor Förvaltning AB. The portfolio consists of six properties and comprises of 136 apartments with a total rental value of approximately SEK 10 million. The agreed underlying property value is SEK 115,5 million. The transaction is being carried out as a company deal with closing in July, 2016.

The six properties have a total lettable area of ​​approximately 10,000 square meters and are located in close proximity to D. Carnegie & Co's holdings in Eskilstuna,

"This acquisition complements the properties we already have in Eskilstuna in a very profitable and effective way", 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 31 December 2015, the market value of the company's properties amounted to MSEK 13.826. As per 31 December 2015, the total rental value amounted to MSEK 1.306 annually. The financial leasing rate is high with no vacancies. D. Carnegie & Co is listed on Nasdaq Stockholm. 

Tags:

About Us

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.

Subscribe

Documents & Links