Hufvudstaden acquires two properties in central Gothenburg

Hufvudstaden acquires two properties in central Gothenburg

Hufvudstaden has in Gothenburg acquired the properties Inom Vallgraven 12:1 and
12:9, which have a prime commercial location on Fredsgatan, next to the NK
department store. The seller is Alecta Pension Insurance, Mutual. The purchase
sum is SEK 175 million and the completion date is March 30, 2010.

The total rentable floor space is approximately 4,100 square metres, comprising
1,700 square metres of office space, 1,500 square metres of retailing space, 800
square metres of residential space and 100 square metres of storage space. The
properties are fully let and the outgoing net operating income is SEK 8.5
million. It is Hufvudstaden's assessment that there is positive rental potential
as well as scope for cost savings, which over the next few years could increase
net operating income even further.

The acquisition is in line with Hufvudstaden's strategy of concentrating its
holdings in central Gothenburg and Stockholm and complement in a natural way
Hufvudstaden's existing holdings in the central areas of Gothenburg.

"The properties fit well into Hufvudstaden's holdings, particularly in the light
of the fact that we already own almost the whole block. We consider the
properties to have development potential and the acquisition will lead to
short-term and long-term synergy effects from both an income and cost point of
view. Hufvudstaden's position as one of the leading, long-term property owners
in Gothenburg will be reinforced even further by this acquisition", states Ivo
Stopner, President of Hufvudstaden.

Stockholm, March 12, 2010

HUFVUDSTADEN AB (publ)




Ivo Stopner
President



Questions can be answered by Ivo Stopner, President, and Magnus Jacobson, Head
of Finance, telephone +46 8 762 90 00.