STOCKHOLM, Sweden, Dec. 12, 2002 (PRIMEZONE) -- Wihlborgs has sold 41 properties, 34 of them residential, for a total of SEK 503 million. The profit of SEK 68 million will be included in the profit for the fourth quarter of 2002.
Seven of the properties have been sold to newly formed housing cooperatives or private investors in Malmo and Stockholm. The other 34 properties comprise Wihlborgs' entire property stock in Astorp, which has been sold to a group of private investors. The properties in Astorp comprise approximately 1,000 flats with a total area of approximately 84,000 m2, and commercial premises with a total area of approximately 17,000 m2.
The properties sold have a total area of 121,000 m2.
"The sale is in line with our strategy of reducing the number of residential properties in our portfolio," commented Erik Paulsson, President and CEO, 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 Appendix: Properties sold Properties sold Property Municipality Region Category Area Asken 14 Astorp Oresund Residential 1,229 Asken 15 Astorp Oresund Residential 500 Asken 7 Astorp Oresund Residential 2,592 Backsippan 14-16 Astorp Oresund Residential 100 Blaklockan 9 Astorp Oresund Residential 806 Boken 15 Astorp Oresund Residential 3,480 Hyllinge 3:73 Astorp Oresund Residential 4,390 Hyllinge 3:76 Astorp Oresund Residential 2,009 Hyllinge 5:122 Astorp Oresund Residential 1,433 Hasthoven 11 Astorp Oresund Residential 3,560 Kastanjen 14 Astorp Oresund Residential 3,684 Kastanjen 16 Astorp Oresund Residential 2,716 Linden 11 Astorp Oresund Residential 1,469 Lotusblomman 2 Astorp Oresund Residential -- Lungorten 1 Astorp Oresund Residential -- Larksoppen 10 Astorp Oresund Residential 8,474 Larktradet 10 Astorp Oresund Residential 6,239 Moroten 10 Astorp Oresund Residential 776 Mullvaden 10 Astorp Oresund Residential 5,262 Mullvaden 11 Astorp Oresund Residential 5,697 Mullvaden 9 Astorp Oresund Residential 6,866 Musslan 1 Astorp Oresund Residential 4,590 Musslan 2 Astorp Oresund Residential 4,658 Persiljan 8 Astorp Oresund Residential 1,123 Resedan 1 Astorp Oresund Residential 1,096 Svardsliljan 1 Astorp Oresund Residential 7,254 Tranan 1 Astorp Oresund Residential 3,806 Eken 7 Astorp Oresund Offices 362 Ekorren 27 Astorp Oresund Shops/residential 976 Kvidinge 192:18 Astorp Oresund Other 155 Lejonet 6 Astorp Oresund Industrial/warehouses 1,984 Lejonet 7 Astorp Oresund Industrial/warehouses 3,595 Lyftkranen 3 Astorp Oresund Offices/shops 3,687 Remmen 1 Astorp Oresund Industrial/warehouses 6,773 Blosset 4 Malmo Oresund Residential 2,393 Planeten 4 Malmo Oresund Residential 1,881 Ingelstad 2 Malmo Oresund Residential 2,259 Guvernoren 7 Malmo Oresund Residential 1,612 Schaletten 1 Stockholm Stockholm Residential 7,202 Modisten 1 Stockholm Stockholm Residential 1,985 Sicklaon 202:7 Nacka Stockholm Residential 2,239
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