D. CARNEGIE & CO AB (PUBL) ACQUIRES 52 APARTMENTS IN SÖDERTÄLJE

D. Carnegie & Co AB (publ) has entered into an agreement to acquire two residential properties for SEK 70 million. The properties are located in Södertälje in close vicinity to other D. Carnegie properties. The transaction is a share deal with closing scheduled in the fourth quarter of 2018. The properties are acquired from Fastighets AB L E Lundberg. The annual rental value amounts to SEK 4.36 million.

–  ”We are very pleased to be expanding our property portfolio in the fast-growing Stockholm region. The properties have a strong development potential and are a good match for our business model. We would also like to thank Fastighets AB L E Lundberg for their cooperative spirit in the transaction process” says Svein-Erik Lilleland, CEO of D. Carnegie & Co.

For further information, please contact CEO Svein Erik Lilleland, phone nr.+46 8 121 317 25

This information was released for publication at 14.00 am CEST on 7 September 2018.  

About D. Carnegie & Co

D. Carnegie & Co 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 company's 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. The market value of the company’s properties amounted to SEK 28,761 million on 30 June 2018. The total rental value amounted to SEK 1,874 million annually on 30 June 2018. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.