Occupancy underway in phase 1 of 22byQuartiers project
Quartiers Properties AB (publ) (“Quartiers Properties” or “the company”) has sold 80 percent of phase one, with occupancy having started as planned on 28 September.The total realised sales value of the project so far is EUR 3.9 million. This compares with the book value in the balance sheet of approximately EUR 2.5 million, before selling costs. The estimated profit margin for the project as a whole is around 40 percent, which is in line with the forecast issued on 11 December 2017. Sales activities are now focused on phase two, with occupancy taking place in January 2019. A number of