TK Development takes over develoment of retail park in Uppsala, Sweden

 | Source: Agat Ejendomme A/S Agat Ejendomme A/S 

• TK Development has taken over the development of a 10,800 m2 retail park in
Uppsala, Sweden. 
• The project has been sold to an institutional sector of the German IVG Funds
on the basis of forward funding. The selling price amounts to about SEK 200
million. 
• The project has an occupancy rate of 92 % at the time of takeover. TK
Development will begin construction in February 2009, and expects to hand over
the project to the inves¬tor in March 2010. 
• TK Development continues to expect a profit of about DKK 200 million after
tax for the 2008/09 financial year.

Attachments

no 21 2008 - uppsala - uk.pdf
GlobeNewswire

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