STOCKHOLM, Sweden, April 1, 2003 (PRIMEZONE) -- Wihlborgs has sold two residential properties in Malmo and one commercial property in Vellinge for SEK 76 million at a profit of SEK 20 million. The profit will be included in the result for the first quarter of 2003. All properties were acquired by private investors.
"The sale is in line with our strategy of reducing the number of residential properties in our portfolio and realising values in properties," said Erik Paulsson, president and CEO, Wihlborgs Fastigheter AB.
Wihlborgs Fastigheter AB (publ) Erik Paulsson, President and CEO Tel.: +46 (0)8-555 148 18, +46 (0)733- 87 18 18 Olle Knaust, deputy CEO Tel.: +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager Tel.: +46 (0)8-555 148 20, +46 (0)733- 87 18 20
Properties sold Property Municipality Region Category Area Maribo 1 Malmo Oresund Residential 4,038 Malmen 13 Malmo Oresund Residential 4,781 Eskilstorp 14:105 Vellinge Oresund Ind./warehouse 1,363
Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest real-estate companies, with real estate to a book value of SEK 19.9 billion. The real estate, which is concentrated on the Stockholm and Oresund regions, has a rental value on a twelve-month basis totalling SEK 2.2 billion, and a rentable area of 2.1 million square metres. The company has offices in Stockholm, Malmo, Copenhagen and Helsingborg. Wihlborgs' shares are listed on Attract40 on the Stockholm Stock Exchange's O-list.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00680/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00680/wkr0002.pdf