Fastighets AB Balder acquires 49 percent of Sjaelsö Management

Balder has bought FIH’s share of 49 percent in Sjaelsö Management ApS, effective
from January 1, 2016. The remaining 51 percent is unchanged owned by Sjaelsö
Management's CEO Flemming Joseph Jensen.

”We got to know the Sjaelsö team in 2010 and made our first business together in
2011. We are now very pleased to become shareholders in Sjaelsö. We have a
positive view of Denmark and has as always a long term view on this investment
as well as our other investments in Copenhagen”, Balder's CEO Erik Selin.

CEO Flemming Joseph Jensen welcomes Balder as a new partner in Sjaelsö
Management. ”I have known Erik Selin for many years, and see Balder's financial
strength and their professional and proactive approach to the Danish real estate
market as a perfect match to Sjaelsö Management's expertise in project
development and construction management. I am convinced that Balder's ownership
will create great value for both Balder and Sjaelsö Management.”

It is not agreed any exclusivity on future projects between the parties. Balder
can thus continue to develop and invest in real estate projects in Denmark with
other players, and Sjælsø Management can continue to enter into development and
cooperation agreements with other real estate investors.


For further information please contact:
Erik Selin, CEO Balder, +46 706 07 47 90, erik.selin@balder.se
Flemming Joseph Jensen, CEO Sjælsø Management, +45 4015 6609, fjj@sjaelsoe.dk
Marcus Hansson, Head of Finance Balder, +46 768 36 98 48,
marcus.hansson@balder.se


Sjaelsö Management in brief. Sjaelsö Management with almost 40 employees, is one
of the major actors in project development and construction management in
Denmark. Ongoing projects include over 1,200 residentials and represents a value
of more than DKK 3 billion. Sjaelsö Management expects continued high activity
in the property market and thus great demand for the companys expertise in the
coming years.