Wihlborgs buys in Herlev and sells in Malmö
Wihlborgs expands its portfolio in Herlev in the western part of the Greater Copenhagen.
Wihlborgs is continuing to grow in Copenhagen and is acquiring the office property Stationsalleen 40-46 in Herlev with a lettable area of 5,600 m². The price was DKK 38 million. The occupancy rate is currently 83 percent, which entails an initial yield of 6.3 percent.
The property is located near excellent transport links adjacent to Herlev Station and close to the motorway network.
“We are extremely pleased with our acquisition which is strategically well placed in our sub-area Herlev. Wihlborgs has strengthened its position in the area through this acquisition,” comments Anders Jarl, CEO of Wihlborgs Fastigheter AB.
In parallel, Wihlborgs has also sold a property in Malmö. The property Högvakten 6 was sold in the form of a company sale to Malmö Cityfastigheter AB. The property, which was constructed in 1962, comprises a lettable area of about 3,600 m2. The price agreed was SEK 90.7 million.
Wihlborgs Fastigheter AB (publ)
For further information, please contact:
Anders Jarl, CEO, Tel: +46 (0)40 690 57 10
Arvid Liepe, Chief Financial Officer, Tel: +46 (0)40 690 57 31
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen.
In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.
The book value for the Company’s properties totals SEK 24.3 billion. The annual rental value of the properties is SEK 2 billion.
Wihlborgs shares are quoted on the Mid Cap List of the Nasdaq OMX Nordic Exchange.
Contact information
For further information, please contact:
Anders Jarl, CEO, Tel: +46 (0)40 690 57 10
Arvid Liepe, Chief Financial Officer, Tel: +46 (0)40 690 57 31
The information is of such a kind that Wihlborgs Fastigheter AB (publ) may be required by law to publish pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was issued for publication on Monday, 9 March, at 10:00 a.m.