Klövern is creating an exhibition centre in Kista

The exhibition centre has signed a ten-year lease for 14,000 sq.m. The project start is in April 2007 and the centre is expected to move into the premises in August 2008. The centre will be located at the property Lidarände 1 in central Kista, with Ericsson’s head office as one of the nearest neighbours. Klövern’s investment is calculated at SEK 130 million and the direct yield of the property, after completion of the project, is estimated to be 6.5 per cent. The lease agreement is conditional on a decision on a new local plan.

 

“The exhibition centre’s establishment in Kista is an important step in our ambition to develop and reinforce Kista as a world-leading cluster in ICT – Information, Communication and Technology”, says Klövern’s CEO Gustaf Hermelin. “It is gratifying to be able to meet a need that tenants have expressed for a number of years.”

 

“Kistamässan will become an important part of the expanding exhibition centre market in Sweden. The new fair facility will be adapted for exhibitions and fairs as well as events and concerts. The facility has a unique location directly adjacent to the E4 highway and close to communications such as the metro, commuter trains and buses. We expect to become an important player both in a regional and national perspective. Kistamässan will enable us to meet all of the market’s needs for a modern and efficient facility”, says Leif Dahlén, partner and board member of Sollentuna Exhibition Center.

 

Nyköping, 9 February 2007

 

Klövern AB (publ)

 

Gustaf Hermelin, CE0, tel +46 155 44 33 10, +46 70 560 00 00, gustaf.hermelin@klovern.se

Tomas Hermansson, head of business unit Kista, tel +46 70 553 80 98, tomas.hermansson@klovern

Leif Dahlén, board member Sollentuna Exhibition Center, tel +46 708 27 70 50, leif.dahlen@sollentunaexpo.se

Ronnie Bergström, Deputy CEO Sollentunamässan, tel +46 8 506 650 00, ronnie.bergstrom@sollentunaexpo.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: Borås, Eskilstuna, Kalmar, Karlstad, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 December 2006, the value of the properties totals approximately SEK 10.7 billion and the rental income on an annual basis was approximately SEK 1,070 million. The Klövern share is listed on the Stockholm stock exchange, Stockholmsbörsen’s Nordic list, mid-cap 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