Hufvudstaden acquires Citypalatset property at Norrmalmstorg in Stockholm
Hufvudstaden acquires Citypalatset property at Norrmalmstorg in Stockholm Hufvudstaden has reached an agreement covering the acquisition of all shares in Beheer-en Beleggingsmaatschappij Gradoma B.V., which owns the Citypalatset property located at the Norrmalmstorg square in Stockholm. Transfer of share ownership is on October 2, 2000. The consideration paid for the shares plus assumed debt amounts to SEK 1,100 M and is based on a property value of SEK 1,100 M. The acquisition of Citypalatset is in line with Hufvudstaden's strategy to concentrate its property portfolio to central Stockholm