D. Carnegie & Co acquires two properties from HSB Stockholm

D. Carnegie & Co AB (publ) (”D. Carnegie & Co” or the “Company”) purchases two properties from HSB Stockholm (“HSB”) for an underlying property value of approximately SEK 59 m.

The Company has, through its subsidiary Bromsten Fastighetsförvaltning AB, entered into an agreement to acquire Bredbyplan Fastighets AB and Bredbyplan Garage AB from HSB and thereby indirectly the leasehold rights Stockholm Kvarnen 1 and Stockholm Vattenkvarnen 1. The Acquisition is subject to approval by HSB Stockholms Board of Directors. Completion is scheduled for June 2, 2014.

Ulf Nilsson, CEO, comments:

“We are very pleased increase our holdings in Rinkeby, where we already owns around 1,000 apartments. We intend to gradually refurbish the properties to new construction standard through are established method Bosystem”. 

For further information, please contact:

Ulf Nilsson, CEO, D. Carnegie & Co

+46 (0)8 121 317 00

Knut Pousette, Chairman of the Board of Directors, D. Carnegie & Co

+46 (0)8 121 317 00 

About Us

Hembla AB is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the Bosystem renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. Hembla AB is listed on Nasdaq Stockholm.

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