Victoria Park’s planned barter transaction in Gothenburg discontinued

Victoria Park previously published information about negotiations regarding a barter transaction with municipal companies in Gothenburg whereby Victoria Park was to acquire a housing portfolio in Rannebergen, Angered, from Göteborgs Stads Bostadsaktiebolag and transfer a plot land in Lövgärdet, Angered to Bostadsaktiebolaget Poseidon.

The Framtiden Group has informed Victoria Park that the negotiations have been discontinued. Framtiden stated that it had received information from the police that Victoria Park had engaged a contractor with criminal associations.

Victoria Park is not aware of the information to which Framtiden is referring.

“We have received the Framtiden Group’s decision and seen reports circulating in the media regarding our renovations in Lövgärdet, which is new information for us. We will promptly establish our own understanding of the matter and take any action that is necessary. According to discussions with the police, no investigation is currently being conducted. We have procedures in place for checking the contractors that we engage in order to ensure that situations such as this do not arise. Such controls were also applied when this contractor was engaged and they did not give rise to any suspicions of improprieties,” says Peter Strand, CEO of Victoria Park.

For further information, please contact

CEO Peter Strand, +46 (0)70 588 16 61, peter.strand@victoriapark.se
CFO Tommy Åstrand, +46 (0)70 545 59 97, tommy.astrand@victoriapark.se

This constitutes information that Victoria Park AB (publ) is legally obliged to publish according to the EU Market Abuse Regulation. The information was issued for publication by Peter Strand on 10 January 2018 at 5:10 a.m. 

Victoria Park AB (publ) is a listed property company, which, through long-term management and social responsibility for more attractive living, creates value in an expanding property portfolio in growth districts in Sweden. 

Victoria Park's property portfolio amounts to 1,062,000 square metres, comprising 13,425 flats, with a market value of SEK 14.6 billion. The shares in Victoria Park are listed for trading on Nasdaq Stockholm Mid Cap. 

Victoria Park AB (publ) Box 2, 201 20 Malmö, Tel +46 (0)40 16 74 40, Corporate Reg No 556695-0738, Head Office Malmö, www.victoriapark.se/english

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