MALMÖ, Sweden--(BUSINESS WIRE)--Regulatory News:
Wihlborgs is acquiring a property in Copenhagen and is divesting properties in Helsingborg and Malmö as part of its long-term work on developing its commercial property holdings.
In Copenhagen, Wihlborgs has acquired the property Abildager 16 in Brøndby for DKK 20 million. The property, which is unlet, has a site area of about 35,000 m² and about 11,000 m² is developed with warehouses, cold-storage depots and offices. Wihlborgs already owns the adjoining property Abildager 8-14 where PostNord is the tenant.
“The acquisition of Abildager 16 gives us the opportunity to manage the properties more efficiently and meet our tenants’ needs,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
In Helsingborg, Wihlborgs, through a company transaction, is divesting the property Vikingen 10, to Gustavssons Fastigheter, a family-owned real estate company. The lettable area amounts to almost 1,900 m² and consists of apartments, restaurants, stores and offices.
“The divestment of this older property in Helsingborg, with a number of apartments, is a part of our strategy of continually developing our property portfolio focusing on modern commercial properties,” says Jarl. Gustavssons is taking good care of older buildings with cultural values .
In Malmö, Wihlborgs acquired a large industrial property in 2010 from Dresser Wayne in connection with their relocation to one of Wihlborg’s properties in the harbour. In recent years, Wihlborgs has worked on preparing the property for housing development and three blocks were previously sold. The last two blocks, containing residential building rights of approximately 20,000 sqm BTA, are now sold to private operators in two separate transactions.
“An important part of Wihlborgs’ business is project development. The work on conversion of the industrial property in Limhamn is an example of successful project development, which contributes to our earnings,” continues Jarl.
All divestments are being carried out as company transactions with a total property value of SEK 157 million.
Wihlborgs Fastigheter AB (publ)
The information is of such a kind that Wihlborgs Fastigheter AB (publ) may be required by law to publish pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 08.00 a.m. on Wednesday, 22 June 2016.
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 29 billion. The annual rental value of the properties is SEK 2.3 billion. Wihlborgs shares are quoted on Nasdaq Stockholm, Large Cap.
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