Klövern concentrates – sells nine properties
Klövern is selling nine properties for around SEK 490 million. This
sale entails a realised change in value of around SEK 100 million.
After the sale, 99 per cent of the properties will be located in
Klövern’s prioritised markets.
The sale mainly consists of industrial properties with a total area
of 110,000 sq.m. located in Fagersta, Katrineholm, Kumla (2),
Norberg, Norrköping (2), Sigtuna and Trosa. These properties, which
are being sold to the M2 group, are being vacated on 1 November 2007.
This sale entails a realised change in value of around SEK 100
million, which will be reported in the last quarter of 2007.
With this sale, Klövern will leave a number of unprioritised
locations such as Fagersta, Kumla, Norberg, Sigtuna and Trosa. After
the previously announced acquisition of properties in Karlstad and
Västerås and today’s sale, the value of the property portfolio will
be around SEK 11.2 billion and 99 per cent will be located in
Klövern’s ten prioritised markets.”It is gratifying that Klövern has now achieved its geographical
concentration. In the future, focus will be on further development of
our prioritised markets, both through investments in the existing
portfolio and by new acquisitions”, says Klövern’s CEO Gustaf
Nyköping, 29 August 2007
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33
12, +46 70-224 29 35,
Klövern is a real estate company with a local presence that actively
develops properties in large Swedish cities. Klövern has geographical
units in ten cities/locations: Borås, Karlstad, Kista, Linköping,
Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 30
June 2007, the value of the properties totals approximately SEK 10.8
billion and the rental income on an annual basis is approximately SEK
1,060 million. The Klövern share is listed on OMX Nordic Exchange in
Stockholm for medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden * Tel
+46 155-44 33 00, Fax +46 155-44 33 22.
Corporate registration no. 556482-5833 * Registered office: Nyköping
* Website: kelly.corem.se