The properties consisting of around 8,300 sq.m. will be taken possession of during the first quarter of 2008. Rental value amounts to approximately SEK 8 million and, at the time of taking possession, the financial occupancy rate is approximately 60 per cent. The vendor is Sagax.
After the acquisition, the property portfolio in Kista consists of 23 properties with a total of around 260,000 sq.m.
"By acquiring these properties in an adjacent block to the Kista Expo Center, we create opportunities for expansion for the Expo Center and the companies associated with it and the hotel. We consider that these properties, due to their location, have great potential", says Klövern's CEO Gustaf Hermelin.
Nyköping, 20 November 2007
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00, firstname.lastname@example.org
Caesar Åfors, Chief financial officer and vice-CEO, +46 155-44 33 02, +46 70 662 48 48, email@example.com
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33 12, +46 70-224 29 35,
Klövern is a real estate company with a local presence that actively develops properties in large Swedish cities. Klövern has ten geographical units: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås och Örebro. As per 30 September 2007, the value of the properties totalled approximately
SEK 12.2 billion and the rental income on an annual basis was approximately SEK 1,337 million. The Klövern share is listed on 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 * Website: www.klovern.se