Balder enter into agreement for joint ownership with Coop Fastigheter

Fastighets AB Balder and Coop Fastigheter AB has signed an agreement for joint ownership of a smaller part of properties located at Backaplan in Gothenburg. The Parties shall jointly develop properties for commercial, residential, office and other operations. Coop Fastigheter and Balder collaborates already today with Platzer, JPA and the City of Gothenburg.

Backaplan which is located in the city centre of Gothenburg is today an established marketplace. Backaplan will now developed into a brand new neighborhood and the area faces an exciting transformation and renewal. 800 000 sqm of new construction is planned where the majority will consists of new housing. New public transport stops are planned adjacent to the site which will make it easy to get there without a car.

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848

Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 27 May 2014 at 16.40 CET.

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 29,1 billion as of 31 March 2014. The Balder share is listed on Nasdaq OMX Stockholm, Mid Cap.

Tags: