Additional property sales to tenant-owner associations
Additional property sales to tenant-owner associations During the months of May and June, Bostads AB Drott sold three residential properties to tenant-owner associations for a total of SEK 111 M. The sales generated an accounting gain of SEK 29 M. The divested properties, which are located in Stockholm municipality, have been sold at an average price that exceeds by 32 percent their independently appraised values at year-end 2003. The properties have total rentable space of 5,320 square meters, of which 4,388 sq. m. is residential space. Thus far this year, Bostads AB Drott has sold 12