Balder acquires property in the city of London
Fastighets AB Balder (publ) has acquired 8 Fenchurch Place in the city of London. The property has a lettable area of just over 9,000 sqm and is rented mainly to insurance companies and consulting companies with a remaining average term of 9 years. The investment amounts to £ 75 million and has rents of £ 4.4 million.
This is Balder's first acquisition in London, which has been a market we have been following for some time. The acquisition is a natural step for Balder in the diversification of the property portfolio that we have carried out in recent years. We hope to find further investments in London in the future.
This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CET on January 11, 2019.
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848
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 114.5 billion (92.9) as of 30 September 2018. The Balder share is listed on Nasdaq Stockholm, Large Cap.
Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg