Wihlborgs renovating the Ruuth 23 property in central Helsingborg
The property on Bruksgatan, central Helsingborg, is being renovated for leasing to AcadeMedia.
In 2010, Wihlborgs acquired the Ruuth 23 property on this pedestrian street in Helsingborg, as a development project. The property, a former warehouse, consists of a building facing the street and a courtyard building.
The courtyard building, measuring 2,740 m2 in area, has been let to AcadeMedia for upper secondary education on an 8-year lease. The annual rent totals SEK 5.6 million. The tenant will take up occupation in time for the school’s autumn term in 2014.
Work has now started on a total internal and external renovation to make the courtyard building into an attractive and modern school. The investment is estimated at SEK 45 million.
“AcadeMedia, Sweden’s biggest private educational provider, is now continuing its expansion in Helsingborg”, says Anders Jarl, CEO, Wihlborgs Fastigheter AB. “It already operates four schools in our properties, three in Helsingborg and one in Malmö. We appreciate their confidence in again choosing us as landlord”.
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, CFO, (+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 made available for publication at 10.00 a.m. on Wednesday, 3 April.