Balder’s subsidiary SATO Corporation will change valuation method

The Board of Directors of SATO Corporation has today taken the decision to begin using a yield based valuation method to determine the value of the company’s investment properties that earlier was valued by the sales comparison method. As a result of the change, the company’s property values are expected to increase by EUR 450-500 million. SATO will switch to the yield based valuation method in its financial statements as of 31 December 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

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 15.00 CET on January 23, 2020.

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 133.2 billion (114.5) as of 30 September 2019. 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
balder.se