Klövern sells properties in Kalmar and Eskilstuna

The sale consists of eleven properties in Kalmar and four properties in Eskilstuna with a total area of almost 89,000 sq.m. The properties are being handed over on 2 April 2007 and the realised change in value will effect the profit during the second quarter 2007. In connection with taking over the properties, Dagon will also take over all employees in these units.

 

“We have decided to focus on ten units with a view to concentrating resources at places where we currently consider the development potential for Klövern to be greatest”, says Klövern’s CEO Gustaf Hermelin.

 

Klövern has also sold part of Koljan 24 in Kalmar to Klövern’s present head of unit in Kalmar. The sales price is SEK 10 million, which exceeds the most recently reported fair value by around SEK 1 million.

 

Nyköping, March 9, 2007

 

 

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

Anders Lundquist, CFO, +46 155 44 33 20, +47 70 528 43 33, anders.lundquist@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 

Company registration no. 556482-5833 * Registered office: Nyköping * Website: kelly.corem.se