D. Carnegie & Co’s divestment of Gothenburg-portfolio postponed

The previously announced sale of D. Carnegie & Co’s - listed on Nasdaq Stockholm - Gothenburg-portfolio has been cancelled as the buyer failed to secure financing. Since Gothenburg is not within D. Carnegie & Co’s prioritized investment scope, a search for another buyer will be initiated during the fall.

For further information, please contact:
Ulf Nilsson, CEO, D. Carnegie & Co, tel. +46 (0)8 – 121 317 25.

D. Carnegie & Co AB (publ) is required to make this information public under the provisions of the Swedish Financial Markets Act and/or the Swedish Financial Instruments Trading Act. The information was made publicly available on 13 July 2015 at 08.00 am. 

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 Bosystem renovation method. 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 MSEK 11,700 on 31 March 2015 and the total rental value is estimated at MSEK 1,190 annually. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

Tags: