D. CARNEGIE & CO AB (publ) COMPLETES THE ACQUISITION OF 749 APARTMENTS IN VÄSTERÅS

D. Carnegie & Co AB (publ) has on 4 April 2018 completed the earlier announced acquisition of four properties for SEK 765m (before deduction for deferred tax amounting to SEK 31m). The transaction has been structured as a share deal. 

SEKm
Total area 54,300 Rent value 54
Residential area 52,400 Net operating income 23

- “We are delighted to have completed the acquisition of these properties in Västerås, and that we are now able to begin our work within this municipality. We are extremely proud to have been entrusted with the management of this high quality portfolio and to be able to grow our asset base further. We are also eager to start demonstrating to our new tenants how we work as a landlord and are very positive towards the long term investments we want to carry out within this municipality. Västerås has a promising growth and development potential, as well as good prospects and we are delighted to take on the role as the new landlord for the properties”, says Svein Erik Lilleland, CEO of D. Carnegie & Co.

The portfolio comprise 749 residential apartments and we see meaningful potential in the acquired property portfolio. The properties have been acquired from Bostads AB Mimer.

For further information, please contact CEO Svein Erik Lilleland, phone nr.+46 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 company's 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 21,456 million on 31 December 2017. The total rental value amounted to SEK 1,576 million annually on 31 December 2017. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

About Us

Hembla AB 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. Hembla AB is listed on Nasdaq Stockholm.

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