Wihlborgs acquires property in Malmö
In a property transaction, Wihlborgs has acquired the logistics property “Bronsåldern 2” from Papyrus Sverige AB for consideration of SEK 84 million. The 33,000 square metre lot is strategically located along Yttre Ringvägen, the outer ring road surrounding the city. The property itself comprises about 12,300 square metres of office and warehouse space. The net yield is approximately 9 per cent.
Wihlborgs will take possession of the property on 1 December 2010. Papyrus Sverige AB will stay on at the property as a tenant.
“Wihlborgs is already strongly represented in Fosie and the acquisition further strengthens our position,” says CEO Anders Jarl of Wihlborgs Fastigheter. “We welcome Papyrus Sverige AB as our tenant and anticipate a long-term relationship with the company.”
“Papyrus has a strong presence in the region, offering reliable supply solutions for a wide range of fine paper and consumables. Having Wihlborgs as our landlord gives us a good partner for fulfilling future needs for premises as we develop our value proposition to our customers in Skåne,” says Sören Gaardboe, Senior Vice President Nordic Cluster, Papyrus.
Newsec Corporate Finance acted as adviser to the seller.