STOCKHOLM, Sweden, Jan. 8, 2003 (PRIMEZONE) -- Wihlborgs has sold three properties in Denmark for SEK 542 million at a profit of SEK 102 million. The profit will be included in the result for the first quarter of 2003.
Wihlborgs has also acquired two properties in Helsingborg and one in Malmo for a total of SEK 30 million. All properties acquired are adjacent to existing Wihlborgs properties.
"The sale is in line with our strategy of realising values in properties and we will continue to develop and improve properties in Denmark," said Erik Paulsson, managing director, Wihlborgs Fastigheter.
Wihlborgs Fastigheter AB (publ)
For further information:
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 Ostbanegade 117-133 Copenhagen Oresund Offices 28,954 Bybjergvej 5 Helsingor Oresund Ind./warehouse 7,672 Bybjergvej 13 Helsingor Oresund Ind./warehouse 1,256 Properties acquired Property Municipality Region Category Area Muskoten 9 Helsingborg Oresund Land -- Skoldenborg 18 Helsingborg Oresund Offices 861 Hamnen 22:188 Malmo Oresund Project -- This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: www.waymaker.net/bitonline/2003/01/08/20030108BIT00620/wkr0001.doc www.waymaker.net/bitonline/2003/01/08/20030108BIT00620/wkr0002.pdf