Balder sells real estate for SEK 870 million
Fastighets AB Balder has, in two separate transactions, agreed to sell the properties through a company transfer to an agreed total property value of approximately SEK 870 million.
The first transaction concerns a property Järfälla Jakobsberg 2: 2583. The property comprise approximately 22,000 sqm of commercial space.
In the second transaction Balder sells the properties Sundbyberg Eken 14, Stockholm Vreten 8, Stockholm Vreten 17 and Stockholm Vreten 25. The properties comprise approximately 40,000 sqm of commercial space.
The sale will generate an earnings effect in the second quarter of approximately SEK 70 million before tax.
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 10 June 2015 at 15.00 CEST.
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 38,1 billion as of 31 March 2015. The Balder share is listed on Nasdaq Stockholm, Large Cap.