Correction: Property transactions and lettings take Platzer to new levels

In the prepious version of the Press Release the enclosed Interim Report Jan 1 - March 31 2017 was not included. Se now attached file.

• Rental income increased to SEK 251 million (157)
• Income from property management improved by 88% to SEK 126 million
• Profit for the period amounted to SEK 218 million (15)
• Property portfolio increased in value to SEK 13,730 million (13,615)
• Long-term net asset value (EPRA NAV) per share was SEK 47.87 (45.72)
• Earnings per share amounted to SEK 1.81 (0.14)
• The project Hårddisken 1 in Mölndal was completed and Armatec moved in
• Letter of intent entered into with NCC on joint development project in Gårda and future acquisitions in the centre of Mölndal
• Sales of future residential building rights in Södra Änggården have begun

Platzer’s CEO, P-G Persson, said:

-          Income from property management improved by 88%, which is the biggest year-on-year improvement during my tenure as CEO of Platzer. Furthermore, the occupancy rate in the first quarter was 96% and the surplus ratio 74%. The investment yield improved to 5.4%. This was primarily due to the fact that the portfolio acquired from Volvo in December 2016 has a higher investment yield than the rest of Platzer’s property portfolio and is now included in the results for the entire reporting period.

-          Since the end of the first quarter we have carried out two acquisitions in prioritised areas where we want to continue to expand. Firstly, we have acquired 50% of the property Merkurhuset from Bygg-Göta, and secondly, we have acquired a property in Lindholmen from Skanska. In the first quarter we concluded a letter of intent with NCC on joint ownership and development of our property Gårda 16:17. In return, we will acquire their upcoming project of around 30,000 sq. m. in Kungsfisken in the centre of Mölndal.

Platzer Fastigheter Holding AB (publ)  

For further information, please contact: 

P-G Persson, CEO, Tel: +46 (0)734 11 12 22 

Lennart Ekelund, CFO, Tel: +46 (0)703 98 47 87

The information in this press release is information that Platzer Fastigheter Holding AB (publ) is legally obliged to disclose in accordance with the Swedish Financial Instruments Trading Act. The information was released for publication at 08:00 CET on 27 April 2017.

Platzer Fastigheter Holding AB (publ) owns and develops commercial properties in the Gothenburg area comprising a total lettable area of around 800,000 sq. m. and with a value of around SEK 13.7 billion. Platzer is listed on NASDAQ OMX Stockholm, Mid Cap.