Balder purchases the office building, “Europahuset”, in Gothenburg

Fastighets AB Balder (publ) has acquired the property Mölndal Bastuban 1 that today have SCA as the main tenant. The property will be classified as a project property and Balder's ambition is to develop the property together with the city of Mölndal, primarily for residential purposes.

The property is acquired for SEK 365 m. Plot area amounts to just under 90 000 square meters and the lettable area to 47,000 square meters.

The seller is a company owned by DNB Group. Newsec has been advisor to the seller through the analysis phase and the transaction process.

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 September, 2015 at 16.00.CEST

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.