Mandamus acquires another housing property in Malmo


STOCKHOLM, Sweden, June 4, 2002 (PRIMEZONE) -- Mandamus is purchasing a residential property from Tornet in Malmo. The block comprises 1,725 m2 altogether, including 1,422 m2 of housing space. Rental income for the property amounts to SEK 1,650 thousand a year. The building was erected in about 1940 and underwent extensive renovation and conversion in the late 1990s. The price is SEK 16m.

Comments from Anders Johansson, Managing Director of Mandamus The property acquired is immediately adjacent to one of our existing properties, and is a good complement to our residential property stock in Malmo.


Please address any queries to Mandamus' Managing Director Anders Johansson on phone +46-8-566 13000 or e-mail; Deputy Managing Director Bengt Evaldsson on phone +46-8-566 13000 or e-mail; or Regional Manager Anders Silverbage in Skane on phone +46-46-198 555 or e- mail

Mandamus is a property company that aims to own, develop and manage residential properties with a high yield, mainly in growth areas in Southern and Central Sweden. Mandamus owns properties with a book value of around SEK 5,800m, yielding an annual rental income of just under SEK 900m.

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