Klövern continues developing Kista

The lease agreement with Street Sweden AB has a term of five years and is for a total of approximately 1,200 sq.m. Street is expected to move in in April 2007. The restaurant will be located in central Kista, with the new exhibition centre Kistamässan as its closest neighbour. Klövern’s investment is estimated at around SEK 18 million.

 

“We are very pleased and proud that Street has decided to establish a restaurant in Kista with its exciting concept. Street’s establishment is a first step towards creating activity in this part of Kistagången. We can look forward to fresh, well-cooked food in an attractive environment”, says Gustaf Hermelin, President & CEO of Klövern.

 

Street now runs a market place and restaurant at Hornstulls Strand and is planning to establish in, among others, Malmö as well as Kista. Street Restaurang’s idea is to serve ecological food produced locally. The restaurant was nominated in the spring for the Gulddraken [Golden Kite] restaurant prize. Street was also awarded the Stockholm prize in 2006 for having made a positive contribution to making the Hornstull area more culturally alive.

 

Nokia’s Swedish head office is moving to the same property as Street in autumn 2007. Klövern has signed a new lease contract with Nokia for approximately 5,500 sq.m. of office premises. This lease has a term of five years and Klövern’s investments for the project are calculated at around SEK 40 million. Tenant adaptations will start immediately and are expected to be completed in September 2007. At the same time, Nokia will leave its present premises at the property Helgafjäll 7.

 

Nyköping, March 6, 2007

 

 

Gustaf Hermelin, CEO, tel +46 155 44 33 10, +46 70 560 00 00, gustaf.hermelin@klovern.se

Tomas Hermanssson, Head of Kista Unit, +46 70 553 80 98, tomas.hermansson@klovern.se

Britt-Marie Einar, Corporate Communications Officer, tel +46 155 44 33 12, +46 70 224 29 35,

britt-marie.einar@klovern.se

 

Klövern is a real estate company with a local presence that actively develops properties in large Swedish cities. Klövern has geographical units in twelve cities and locations: Borås, Eskilstuna, Kalmar, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at December 31, 2006, the value of the properties totals approximately SEK 10.7 billion and the rental income on an annual basis is approximately SEK 1,070 million. The Klövern share is listed on the Stockholm stock exchange, Stockholmsbörsen’s Nordic list 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