Wihlborgs acquires development property in Lund
Through the acquisition of the property known as Landstinget 2, central Lund, Wihlborgs is strengthening its position as one of the leading property companies in Lund.
Wihlborgs has purchased the property known as Landstinget 2, central Lund, from the Municipality of Lund. The acquisition is being conducted as a property transaction and the purchase price is SEK 29 million. Wihlborgs will take possession on 1 April 2013. The acquisition strengthens Wihlborgs’ presence in central Lund.
The property, located 150 metres east of Lund Central Station, extends over a site measuring 1,928 square metres. Possession will be taken with right of ownership. The building, which comprises space totalling 2,900 square metres, was built in 1960 as an administrative facility for Malmöhus County Council. It has been used since the 1970s by the Technical Services Administration and the City Planning Office. These departments will relocate to Lund’s new municipal headquarters – known as “Kristallen – in spring 2014.
“Wihlborgs gains a welcome addition to its property portfolio, in the form of a very centrally located property in Lund”, says Anders Jarl, Chief Executive Officer, Wihlborgs Fastigheter AB. “Demand is strong for premises in central Lund, and we are looking forward to developing the property once the municipal authorities move to Kristallen”.
Wihlborgs Fastigheter AB (publ)
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is based in Malmö, Helsingborg, Lund and Copenhagen.
In Malmö, Helsingborg and Lund, Wihlborgs is the leading property company.
The book value for the Company’s properties totals SEK 19.9 billion. The annual rental value of the properties is SEK 1.7 billion.
Wihlborgs shares are quoted on the Mid Cap List of the OMX Nordic Exchange.
Contact information
For further information, please contact:
Anders Jarl, CEO, (+46) 40 690 57 10, (+46) 733 71 17 10
Christer Johansson, Chief Financial Officer, (+46) 40 690 57 06, (+46) 733 71 17 06
Iréne Johansson, Director of Corporate Communication, (+46) 40 690 57 21, (+46) 733 71 17 21
The information is such that Wihlborgs is required to publish in accordance with the Swedish Capital Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 9.10 a.m. on Monday, 18 March.