Hufvudstaden exchanges properties in Gothenburg

Hufvudstaden exchanges properties in Gothenburg

 

Hufvudstaden AB and Sigillet Fastighets AB have, through a company
transfer, exchanged properties with each other.

Hufvudstaden will acquire the property Inom Vallgraven 12:2, located at
Södra Hamngatan 47, at an underlying property value of SEK 65 million.
The property comprises an undeveloped plot with a construction right for
approximately 2,000 square metres of commercial floor space for office
and retail purposes.

Sigillet will acquire the property Inom Vallgraven 20:4, located at
Kungsgatan 46, at an underlying property value of SEK 87 million. The
property has total commercial floor space of approximately 2,500 square
metres.

The completion date for the property transfer is December 15, 2011. The
sale will have a marginally positive impact on profit for the
Hufvudstaden Group.

The acquisition of the Inom Vallgraven 12:2 property means that
Hufvudstaden will own the whole block, which totals around 23,000 square
metres and comprises office, retailing, parking and residential space.

Ivo Stopner, President of Hufvudstaden, stated: "With this acquisition
we will have the opportunity to adopt a full and systematic approach to
the block and in time develop it into an even more attractive
marketplace for offices and stores in the best city location in
Gothenburg."

 

Stockholm, November 23, 2011

HUFVUDSTADEN AB (publ)

 

Ivo Stopner
President

Questions can be answered by:
Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone
+46 (0)8-762 90 00.