Wihlborgs sells seven properties in Malmö for SEK 135 million at a profit of 15 million
Wihlborgs sells seven properties in Malmö for SEK 135 million at a profit of SEK 15 million Wihlborgs has sold seven properties in Malmö for SEK 135 million at a total profit of SEK 15 million. The profit will be included in the result for the second quarter of 2003. Six of the properties (the Svante quarter) were acquired by MKB Fastighets AB and one property was acquired by a newly formed housing cooperative. "Through the sale of the Svante quarter, which mainly comprises housing, as well as including a building right for housing, we are continuing with our plan to reduce the amount of residential properties in our portfolio," says Erik Paulsson, president and CEO, Wihlborgs Fastigheter AB. Wihlborgs Fastigheter AB (publ) For further information: Erik Paulsson, President and CEO, Tel.: +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO and 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 Properties sold Property Municipality Region Category Area Hising 6 Malmö Öresund Residential 2,345 Svante 5 Malmö Öresund Building right - Svante 8 Malmö Öresund Resid/office 802 Svante 17 Malmö Öresund Residential 2,589 Svante 19 Malmö Öresund Resid/office 1,061 Svante 20 Malmö Öresund Office 543 Svante 24 Malmö Öresund Resid/office 2,702 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/06/06/20030606BIT00050/wkr0001.doc http://www.waymaker.net/bitonline/2003/06/06/20030606BIT00050/wkr0002.pdf