D. Carnegie & Co acquires property in Norrköping

D. Carnegie & Co AB (publ) – listed at Nasdaq Stockholm – has signed an agreement to acquire a property in the city of Norrköping by means of a company transaction. Lettable area is 8,550 sqm and the rental value is MSEK 9,2. Subnova AB is the seller. 

The property comprises 114 apartments in two buildings.

– The property is located in the Hageby district in Norrköping, neighbouring our existing portfolio. This will lead to coordination advantages and cost efficient property management, says Ulf Nilsson, CEO, D. Carnegie & Co.

Closing is scheduled for November 2, 2015.

For further information, please contact:

Ulf Nilsson, CEO, D. Carnegie & Co Tel. +46 (0)8 – 121 317 25

About D. Carnegie & Co

D. Carnegie & Co is a real estate company focusing on residential properties within the Stockholm region and other growth areas. The Company’s business concept is to own and manage its real estate portfolio and to gradually refurbish apartments in connection with the natural turnover of tenants. This can take place quickly and cost-efficiently due to the Company’s established refurbishment method, Bosystem which, among other things, does not require tenants to vacate the premises. The Company also creates significant value through the development of building rights in the existing portfolios. As of 30 June 2015, the market value of the company's properties amounted to SEK 11,548. As per 1 July 2015, the total rental value amounted to MSEK 1,240 annually. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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