STOCKHOLM, Sweden, Jan. 7, 2003 (PRIMEZONE) -- Wihlborgs has sold 8 properties in Malmo -- 6 of them residential -- for SEK 116 million at a total profit of SEK 20 million. 4 of the properties have been sold to newly formed housing cooperatives, and the others have been acquired by private investors.
It is assessed that as a result of the sales Wihlborgs' profit for the year 2002 after financial financial items will be in excess of SEK 970 million.
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 Stjarnan 2 Malmo Oresund Offices 200 Frakne 4 Malmo Oresund Residential 2,419 Grabjornen 8 Malmo Oresund Residential 1,028 Korpen 52 Malmo Oresund Residential 1,663 Varnhem 2 Malmo Oresund Residential 1,378 Stenyxan 15 Malmo Oresund Offices/Ind. 944 Paula 13 Malmo Oresund Residential 2,198 Herrestad 7 Malmo Oresund Residential 3,349
Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest real-estate companies, with real estate to a book value of SEK 20.5 billion. The real estate, which is concentrated on the Stockholm and Oresund regions, has a rental value on a twelve-month basis totalling SEK 2.3 billion, and a rentable area of 2.3 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.
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http://www.waymaker.net/bitonline/2003/01/07/20030107BIT00540/wkr0002.pdf