Wihlborgs signs lease in Copenhagen

1/30/2017 9:00 AM

In June 2016 Wihlborgs acquired the property, which was then unlet. One year later M. Larsen will be able to move into premises comprising 8,000 m2of office and warehouse space, with an annual rent equivalent to SEK 7.2 million.

“We have noted a positive trend in Denmark, and this contract is a sign that demand is increasing and confirms that it was a wise decision to acquire the property. M. Larsen will move into modern, fit-for-purpose premises in a favourable logistics location, which suits their operations,” says Anders Jarl, CEO of Wihlborgs.

Wihlborgs owns and manages about 400,000 m2of property in the Copenhagen area, with a market value of SEK 4 billion.

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 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 31 billion. The annual rental value of the properties is SEK 2.3 billion. Wihlborgs shares are quoted on the Large Cap List of Nasdaq Stockholm.