New housing sales to tenants - proceeds of MSEK 110

New housing sales to tenants - proceeds of MSEK 110 At the end of 2000, Drott has sold another six Stockholm properties to tenant-owner associations. The proceeds of the sale amount to MSEK 110 and are reported in the fourth quarter of 2000. Drott's year-end report for 2000 will be published on 20 February 2001. Drott has thus carried out 13 sales to tenant-owner associations during 2000, at prices which were an average 33 per cent higher than independent property appraisals as per 31 December 1999. Sales prices correspond to SEK 14,300 - 23,600 per square meter of rentable space, or an average of SEK 17,000 per square meter. Of the combined 36,344 square meters of rentable space, 29,022 are residential. The total of 472 sold apartments represents 1/6 of Drott's aggregate portfolio of residential apartments in inner-city Stockholm. Drott AB (publ) For additional information contact Mats Mared, President of Drott, telephone +46-8-545 83 010 Stockholm properties sold to tenant-owner associations in 2000 Property Rentab - of Number Vacancy Price Press le which of date release space residen apts. MSEK sq.m. tial sq.m. Drottninghuset Norrmalm 1,589 1,368 25 04/02/00 31 14/2000 4 Turbinen 24 Södermalm 1,216 1,126 23 30/05/00 22 17/2000 Valkyrian 4 Vasastan 1,636 1,476 18 31/05/00 26 17/2000 Vattumannen 21 Södermalm 1,099 1,026 13 15/06/00 19 17/2000 Höken 29 Södermalm 2,090 1,793 41 29/06/00 41 Q2 Båtsmannen Södermalm 2,995 1,999 34 04/07/00 43 Q2 Större 3 Ingenjören 12 Södermalm 4,097 3,465 56 04/07/00 65 Q2 Lindbacken 7 Norrmalm 2,451 1,639 16 15/11/00 28 1/2001 Folkungaträdet Fredhäll 1,264 1,216 32 01/12/00 19 1/2001 5 Sankt Göran Södermalm 6,109 5,203 83 06/12/00 108 1/2001 1,9,11 Facklan 7-9 Norrmalm 7,998 4,920 48 07/12/00 113 1/2001 Baggen 5 Vasastan 2,333 2,012 39 15/12/00 55 1/2001 Vårdtornet 8 Kungsholme 2,594 2,180 44 29/12/00 47 1/2001 n Total 36,344 29,022 472 617 The first seven property sales were announced during 2000 (see "Press release"). ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/02/20010102BIT00170/bit0001.doc http://www.bit.se/bitonline/2001/01/02/20010102BIT00170/bit0002.pdf