Klövern has made another major letting in Uppsala Business Park. The forest biotechnology company SweTree Technologies AB has entered into a seven-year lease for over 1,100 sq.m. with an base rent of SEK 1.5 million.
The lease comprises approximately 1,100 sq.m. of laboratory and office space. Moving in will take place in stages starting in mid-December 2010. After moving in has been completed, the rent will be SEK 1.5 million per year, excluding appendix.
Uppsala Business Park is becoming more and more attractive and the occupancy rate is continually rising. There are now more than 60 companies established in the park and this number is continuing to grow.
SweTree Technologies AB, a development company in the forest industry, will set up a pilot facility for tree processing at the premises. The company is owned by Sveaskog, Bergvik Skog, Holmen and Stora Enso, among others, and works with developing new technology to improve the value and productivity of trees and wood fibres, not least as a source of energy.
“To provide premises for a facility of this kind and for a company working at the same time for a good impact on the environment feels both exciting and right”, says Klövern’s CEO Gustaf Hermelin.
“Klövern is providing the perfect premises for our project which involves producing seedlings for Swedish forestry. The project is intended to increase the production of wood and biomass per hectare by being able to make faster use of processed trees”, says SweTree’s CEO Mats Johnson. “This makes it possible to a higher extent to use the components of the wood in different ways to replace oil-based by renewable raw materials.”
Nyköping, 8 December 2010
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, +46 155-44 33 10/+46 70-560 00 00, firstname.lastname@example.org
Britt-Marie Einar, Finance and IR Manager, +46 155-44 33 12/+46 70-224 29 35,
This information is such that Klövern AB (publ) may be obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication at 10 am on 8 December 2010.
Klövern is a real estate company committed to working closely with customers to meet their needs of premises and services in Swedish growth regions. Klövern has business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 30 September 2010, the value of the properties totalled approximately SEK 12.2 billion and the rental income on an annual basis was around SEK 1.4 billion. The Klövern share is listed on Nasdaq 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. kelly.corem.se