Wihlborgs selling two residential properties for SEK 87 million at a profit of SEK 10 million
Wihlborgs selling two residential properties for SEK 87 million at a profit of SEK 10 million Wihlborgs has sold two residential properties in Stockholm and Malmö for a total of SEK 87 million. The total profit of SEK 10 million will be included in the profit for the second quarter. The properties have been acquired by newly formed housing cooperatives. Buying commercial properties for SEK 38 million Wihlborgs has acquired four properties for SEK 38 million. Most of the purchase price is for an office and industrial property in Malmö and an office and warehouse property in Helsingborg. "Wihlborgs is continuing to sell residential properties in line with the strategic plan, whilst we are simultaneously consolidating the commercial side," says Erik Paulsson, CEO of Wihlborgs Fastigheter. Wihlborgs Fastigheter AB (publ) For further information: Erik Paulsson, President and CEO, Tel.: +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO and CFO, Tel.: +46 (0)8-555 148 10, +46 (0)733- 87 18 10 Mats Berg, communications manager, Tel.: +46 (0)8-555 148 20, +46 (0)733- 87 18 20 Properties sold Property Municipality Region Category Area, m2 Damhatten 1 Stockholm Stockholm Residential 4,150 St Peter 4 Malmö Öresund Residential 4,340 Properties acquired Property Municipality Region Category Area, m2 Vinkeln 8 Malmö Öresund Off/ind/warehouse 8,015 Musköten 13 Helsingborg Öresund Off/warehouse 2,360 Bista 3:32-33 Håbo Stockholm Ind 400 Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest listed real-estate companies, with real estate to a book value of SEK 16.2 billion. The real estate, which is concentrated on the Stockholm and Öresund regions, has a rental value on a twelve-month basis totalling SEK 1.7 billion, and a rentable area of 1.7 million square metres. The company has offices in Stockholm, Malmö, Copenhagen and Helsingborg. Wihlborgs' shares are listed on Attract40 on the Stockholm Stock Exchange's O-list. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/06/02/20040602BIT20190/wkr0006.pdf