Wihlborgs makes acquisitions in Helsingborg
Wihlborgs has today reached an agreement with Brinova Fastigheter AB (publ) on the acquisition of five industrial/warehouse properties totalling 21,700 m2 and two project properties. The industrial/warehouse properties are Afrika 18, Ametisten 5, Spanien 5, Spanien 11 and Tyfonen 1. The project properties are Påfågeln 9 and Ruuth 23.
The total property value amounts to SEK 128 million. The yield on the industrial/warehouse properties is estimated to amount to 9 per cent. Possession will take place on 31 March 2010.
For the purpose of financing the acquisition from Brinova, Wihlborgs’ board has decided to examine the potential for disposing of Wihlborgs’ remaining own repurchased shares amounting to 964,350 shares. Wihlborgs has commissioned HQ Bank to examine these criteria.
– Through the acquisition we will strengthen our position in Helsingborg and elucidate for the market and the local authority what positions Brinova and Wihlborgs have in Helsingborg commented Anders Jarl, CEO of Wihlborgs Fastigheter AB.
Wihlborgs Fastigheter AB (publ)
Contact information
Anders Jarl, CEO, +46 40 690 57 10, +46 733 71 17 10
Christer Johansson, CFO, +46 40 690 57 06, +46 733 71 17 06
Iréne Johansson, Information manager, +46 40 690 57 21, +46 733 71 17 21