DANDERYD, Sweden, Jan. 22, 2003 (PRIMEZONE) -- Fastighets AB Tornet (Stockholm:TORN) has sold 16 properties for approximately SEK 260 million through its subsidiaries SkansTornet and ArosTornet. Twelve of these properties were included in the acquisition of Amplion in 2002. Thirteen of the properties sold are included in the report for 2002 and three properties were sold after January 1, 2003. The sales will only have a marginal effect on the result.
Four properties, two each in Falun and Borlange, have been included in a transaction where Tornet is acquiring one property in Lulea. Of the other sold properties, four are located in Nassjo, two in Malmo and one each in Halmstad, Vaxjo, Uppsala and Vasteras.
More information on sold properties is available on Tornet's Website, www.tornet.se under the heading Properties/List of properties.
Tornet has moreover sold the whole of its shareholding in the property company Masmastaren Fastigheter AB at book value.
Fastighets AB Tornet (publ)
For further information, please contact:
Sverker Lerheden, Managing Director Fastighets AB Tornet +46-8-544 905 00 Britt-Marie Einar, IR Manager Fastighets AB Tornet +46-8-544 905 08, +46-70-576 92 08
Fastighets AB Tornet is one of Sweden's major listed property companies. Its holding has a lettable area of approximately 3 million square metres and a book value of approximately SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities, Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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