Mandamus acquires properties in Malmö and Värnamo
MANDAMUS ACQUIRES RESIDENTIAL PROPERTIES IN MALMÖ AND VÄRNAMO Mandamus is buying two blocks of flats from Wihlborgs in Malmö and two from Castellum in Värnamo. The acquisitions in Malmö comprise a total of 11,810 m2, of which the residential area is 11,300 m2. Rental income from the properties amounts to some SEK 9.7m a year. They were built in 1968 and 1973 respectively, and underwent comprehensive renovation and conversion in the late 1990s. The total price is SEK 80.0m. The blocks in Värnamo measure 3,953 m2, of which the residential area makes up 3,756 m2. They provide rental income of SEK 3.2m annually. The buildings were erected in 1988 and 1990 respectively, and the price is SEK 25.8m. Comments from Mandamus VD Anders Johansson Both these acquisitions are a good supplement to Mandamus' previous holdings in Malmö and Värnamo, and are in line with Mandamus' strategy of increasing concentration on residential properties. Queries Please address any queries to Mandamus' Managing Director Anders Johansson on phone +46-8-566 13000 or e-mail anders.johansson@mandamus.se, or Deputy Managing Director Bengt Evaldsson on phone +46-8-566 13000 or e-mail bengt.evaldsson@mandamus.se. Alternatively, you can contact the regional managers: Anders Silverbåge in Skåne, phone +46-46-198 555, e-mail anders.silverbåge@mandamus.se, and Thomas Bengtsson in Småland/Halland, phone +46-372-12401, e-mail thomas.bengtsson@mandamus.se. Mandamus is a property company that aims to own, develop and manage residential properties with a high yield, mainly in growth areas in Southern and Central Sweden. Mandamus owns properties with a book value of around SEK 5,700m, yielding an annual rental income of just under SEK 900m. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/06/20020306BIT00550/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/06/20020306BIT00550/wkr0002.pdf