Wihlborgs completes a barter transaction totalling SEK 1.7 billion

In a barter transaction with AP Fastigheter, Wihlborgs is selling and buying properties in Stockholm for SEK 1,085 million and SEK 635 million respectively, i.e. net sales of SEK 450 million. The deal includes Wihlborgs selling its 50 percent share in Position Stockholm AB to AP Fastigheter, who previously owned 50 percent of the company. Position Stockholm owns real estate and project land in the Värtahamnen harbour area. Wihlborgs is also selling its leasehold Pennfäktaren 11 with a property area of 11,400 sq. m. in Vasagatan. The total sales price amounts to SEK 1,085 million. In conjunction with the sale of shares in Position Stockholm, Wihlborgs is forming a new co-owned company (50/50) with AP Fastigheter involving project land in the Värtahamnen harbour area. Wihlborgs acquires three properties from AP Fastigheter: Polacken 25 (2,470 sq. m. offices) and Sparven 18 (8,760 sq. m., hotel and offices), both on Kungsgatan, and Rovan 1 (17,000 sq. m. which makes up Huvudsta Centre). The total acquisition price is SEK 635 million. “The deal with AP Fastigheter further consolidates our presence in the Kungsgatan area, where we already have a strong position,”says Erik Paulsson, CEO, Wihlborgs Fastigheter. Wihlborgs Fastigheter AB (publ) For more information: Erik Paulsson, President and CEO Tel. +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, CFO Tel. +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, Communications Manager Tel. +46 (0)8-555 148 20, +46 (0)733-87 18 20