Balder acquires property in central Stockholm

Balder has on May 3, acquired the office property Granen 21, Östermalm in Stockholm. The acquisition is made in company form.The property is located in the most attractive area in central Stockholm. The seller is Länsförsäkringar Liv.

The lettable area is 4,300 square meters. The property has a value of SEK 215 million and the transfer will take place in May.

The investment is in line with Balder's strategy to expand the commercial portfolio in attractive locations in Stockholm, Gothenburg and Öresund region.

"It feels good to further supplement our portfolio with a prime location in central Stockholm and with good long term value potential, concludes Balder's CEO Erik Selin.

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, +46 768 369 848

Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on May 3, 2012 at 16.00.

Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
www.balder.se

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 17.6 billion as of 31 December 2011. The Balder share is listed on Nasdaq OMX Stockholm, Mid Cap.

Tags: