Klövern sells with a gain
Klövern AB has sold seven properties for a total sales price of SEK 165 million with a gain of SEK 22 million. Three of the properties are located in Falun and one each in Bollnäs, Borgholm, Enköping and Örebro. The properties have a total letting area of 21,000 sq.m.
The properties in Falun are being acquired by the property company Masmästaren while the other properties are being sold to different local property owners. The gain will be included in Klövern AB’s earnings for the second quarter of 2004. The sales mean that Klövern is winding up its unit in Falun.
“The sales are the result of successful letting and development work, which together make possible further acquisitions in attractive cities”, says Klövern’s CEO Gustaf Hermelin. “The next step in Klövern’s expansion will be the establishment in Västerås where we are taking possession of properties for SEK 900 million in August.”
Nyköping 9 June 2004
Klövern AB (publ)
For further information, please contact:Gustaf Hermelin, CEO, tel +46-(0)155-44 33 10, +46-(0)70-560 00 00
Anders Lundquist, CFO, tel +46-(0)155-44 33 20, +46-(0)70-528 43 33 email@example.com
Britt-Marie Einar, Information Manager, tel +46-(0)155-44 33 12, +46-(0)70-224 29 35
Klövern is a listed property company operating in the Swedish real estate market by acquiring, developing and selling properties with the focus on a high return on equity. After the properties in Västerås have been taken into possession, the book value of the properties amounts to about 4.0 billion Swedish kronor and rental revenues on an annual basis is about SEK 500 million. The Klövern share is listed at Stockholmsbörsen’s O-list Attract 40.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden Tel +46-(0)155-44 33 00,
Fax +46-( 0)155-44 33 22. Company registration no. 556482-5833. Registered office: Nyköping,