Peab sells property on Hyllie to Schroders

Peab sells property on Hyllie to Schroders

 

Peab has sold the property Värdshuset 2 on the Hyllie district in Malmö. The
buyer is the UK asset manager Schroder’s Nordic fund and the purchase price is
approximately SEK 185 million.
      - The sale is a good example of how Peab works with real estate
development. Unique property projects are created in a process of land
allocation to the completed and fully leased property. This is also a good
example of how Peab acts as a community builder, actively participate in the
development of new districts, says Thomas Anderson, director of Property
Development.
Peab has already several projects in property development in the balance. Demand
for commercial property in the right position is expected to be large.
The property includes offices and retail premises. It is strategically located
next to City Tunnel station on Hyllie. The property is fully leased and the
leasable area is around 3900 square meters. Access to the property takes place
at 25 January 2012.
      - It is an attractive property in an exciting position that is sold. Now
we can focus on efforts to further develop the Hyllie area. Annehem currently
has development rights on approximately 40,000 square meters around the City
Tunnel station at Hyllie says Anne Hem's CEO Pia Andersson in a statement.

         

For further information, please contact:

          Pia Andersson, GM Annehem +46 705 906164

          Tomas Anderson, division manager Peab +46 706 344994

          Lars Blanke, transaction manager Schroders +

 

Peab AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 1.00 p.m on 25 January 2012.