Balder and Backahill become owners of new Brinova

Fastighets AB Balder has, as a partial payment for the sale of Tornet Landskrona, received 35% of Brinova Fastigheter AB and will together with Backahill AB (45%) become the main shareholder in a new company with focus on community properties and residentials.

The new group will initially have a property portfolio of around 40 properties with a value of over SEK 1 billion. The property portfolio is geographically concentrated in southern Sweden. The goal is to create a larger company with a continued focus on community properties and residentials, which today represents over 75 % of the value.

The largest tenants in the portfolio are the City of Malmö, City of Landskrona, Arbetsförmedlingen, Transportstyrelsen and others on long leases.

The company will expand the number of shareholders and list the company in 2016. The company's CEO is Magnus Blomsterberg and Chairman of the Board is Erik Selin.

   

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +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 29 October 2015 at 10.00.CET

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 38.1 billion as of 30 June 2015. The Balder share is listed on Nasdaq Stockholm, Large Cap.

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