Wihlborgs expands in Denmark
Wihlborgs is strengthening its Copenhagen presence through the acquisition of 13 properties comprising a total of 100,000 m2. The seller is the Danish pension company Unipension.
The property portfolio consists of 12 office properties and one warehouse facility. Approximately half of the portfolio is located in Herlev/Ballerup and Høje-Taastrup where Wihlborgs already operates. The remaining properties are located in other sub-areas in the north and south of Copenhagen. The purchase price totals DKK 700 million and the yield is estimated at 7 percent. Possession will be taken on 1 November 2016.
“We have noted a positive trend in the Danish market, which makes this an excellent opportunity for us to expand further in this region. We are also not averse to making further acquisitions in these new areas in our portfolio,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
Following the acquisition, Wihlborgs now owns and manages about 400,000 m2in the Copenhagen area, with a market value of SEK 4 billion.
Wihlborgs Fastigheter AB (publ)
This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the above contact people on 31 October 2016, at 08:00 a.m. CET.
For further information, please contact:
Anders Jarl, CEO, Tel: +46 (0)40 690 57 10
Arvid Liepe, CFO, Tel: +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 for the Company’s properties totals SEK 31 billion. The annual rental value of the properties is SEK 2.3 billion. Wihlborgs shares are quoted on the Large Cap List of Nasdaq Stockholm.