Acquisition by Wihlborgs in Denmark

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Wihlborgs has acquired Baldersbuen 5 in Hedehusene, Denmark.

The property was acquired for a consideration of DKK 58 million from the seller, Pitzner. The site is 55,000 m² and the lettable area amounts to approximately 6,300 m².

Baldersbuen 5 is between Taastrup and Roskilde, with a good logistics location with quick access to all of Greater Copenhagen. GSV Materialudlejing A/S currently operates out of the property and has signed a new ten-year lease with Wihlborgs starting 1 January 2021.

The property was fully let on the date of possession, 1 October 2020. Wihlborgs will demolish and renovate some buildings, and build new ones on the property. On 1 January 2021, the annual rental value will amount to DKK 5 million and the yield is estimated at 8 percent. 

“Wihlborgs already owns several properties in nearby Høje-Taastrup, so this will be a fine complement to our portfolio. We focus on properties with good transportation links, exactly like Baldersbuen 5, where also the tenant is interesting in a long-term perspective ,” says Ulrika Hallengren, CEO of Wihlborgs.

Wihlborgs Fastigheter AB (publ)

For further information, please contact:
Ulrika Hallengren, CEO, Tel: +46 40 690 57 95
Arvid Liepe, CFO, Tel: +46 40 690 57 31

Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen. In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.

The book value of the company’s properties totals SEK 46,4 billion, representing an annual property rental value of SEK 3.4 billion.

Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.