MALMÖ, Sweden--(BUSINESS WIRE)--Regulatory News:
Wihlborgs (STO:WIHL) is building a 4,000 m2 extension to Helsingborg District Court and, in parallel, is also refurbishing 5,000 m2 of the existing premises.
The District Court’s existing premises are in the Polisen 4 property on Carl Krooks Gata in central Helsingborg. The extension is being constructed adjoining the existing structure.
“Naturally, we are extremely pleased to continue our long-term partnership with Helsingborg District Court. Moreover, we are contributing to the city’s development by creating a square with attractive retail locations between the new building and Malmöleden,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
“We moved in to our current building in 2005 — more than a decade ago. We have outgrown our premises, and need more office space and court rooms,” says the Head of the District Court, Chief Judge Ylva Norling Jönsson.
The new extension and the refurbishment will be ready in spring 2019 and the government has already approved a 20-year lease for the premises. The investment is estimated at SEK 180 million and the yield at 6 percent.
The project contractor is Peab, which was awarded the contract following a public procurement process. Construction will start shortly.
Wihlborgs Fastigheter AB (publ)
This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the above contact people on 28 November 2016, at 16.30 p.m. CET.
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen. In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.
The book value for the Company’s properties totals SEK 31 billion. The annual rental value of the properties is SEK 2.3 billion. Wihlborgs shares are quoted on the Large Cap List of Nasdaq Stockholm.
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