Acquisitions by Wihlborgs in Lund and Copenhagen
Wihlborgs opened the year with the acquisition of two properties in Lund and two in the Copenhagen area.
The Lund acquisitions are the Raffinaderiet 3 investment property and the Raffinaderiet 5 project property, which are located just north of Wihlborgs’ ongoing Posthornet 1 office project, adjacent to Lund Central Station.
The investment property has a lettable area of around 4,900 m² and is essentially fully let. At Raffinaderiet 5, a smaller office building of about 1,800 m² is being constructed, which is expected to be ready for occupancy in the fourth quarter of 2019. The properties were acquired through a company transaction and possession was taken on 1 February 2018.
“The properties are in a strategic location and strengthen Wihlborgs’ position in Lund. There is strong demand for modern office space in central Lund, and it is therefore particularly pleasing that we can offer smaller office premises in the newly constructed office building,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
In January, Wihlborgs acquired the Mileparken 9–11 property in Skovlunde, comprising 5,000 m², and the Blokken 84 property, comprising 8,600 m², in Birkeröd, both in Denmark. The properties are essentially fully let.
“The acquisition is in line with our strategy to expand in areas where we are already active and that complement our Danish portfolio,” says Anders Jarl.
The acquisitions in Lund and Copenhagen total approximately SEK 200 million and the initial net operating income is estimated at about SEK 11 million.
Wihlborgs Fastigheter AB (publ)
For further information, please contact:
Anders Jarl, CEO, +46 (0)40 690 57 10
Arvid Liepe, CFO, +46 (0)40 690 57 31
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen.
In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.
The book value of the company’s properties totals SEK 37 billion. The annual rental value of the properties is SEK 2.6 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.