Näckebro sells property for SEK 211 M and buys from Realia and Columna respectively for SEK 195 M
12/23/1997 6:00 AM EST
Näckebro sells property for SEK 211 M and
buys from Realia and Columna respectively
for SEK 195 M
Näckebro sells all its properties in
Sundsvall to Realia and in exchange
acquires the site-leasehold right to
Varuhissen 1 in Stockholm. Näckebro sells
a further two properties in Stockholm and
Borås respectively.
Barter transaction with Realia Fastighets
AB and Columna Fastigheter AB
Näckebro is selling all its Sundsvall
properties for a total of SEK 180 M. This
sum includes the residential properties
in the subsidiary Pewa, totalling about
21,500 sq m, and the site-leasehold right
to Lagret 4 which comprises some 8,500 sq
m of office and storage space. Realia is
providing part payment in the form of a
new issue of B shares valued at SEK 50 M.
Näckebro is acquiring from Realia the
site-leasehold right to Varuhissen 1 in
Stockholm for SEK 178 M. The property
totals some 15,000 sq m and is mostly
office accommodation. The address is
Upplagsvägen 1-5 in Årsta.
The sale of the Sundsvall properties to
Realia will result in a capital loss to
Näckebro of SEK 36 M.
Näckebro is selling the entire new issue
of Realia shares to Columna and will
receive in part payment 105,000 A shares
in Fabege AB valued at SEK 8.8 M, as well
as the office property Sjökatten 14 in
Stockholm which is valued at SEK 17.7 M.
The property comprises approx. 1,300 sq m
and is situated in Kungstensgatan 35.
Other sales
Näckebro is selling the property
Palamedes 1 in Gamla Stan, Stockholm, to
Kastellholmen Fastighetsutveckling AB for
SEK 21 M. The property is currently
unoccupied in principle, and will be
completely renovated.
Näckebro is selling the property Pomona 7
in Borås to Wäst-Bygg AB for SEK 10.5 M.
The property comprises some 1,500 sq m
and consists mainly of retail outlets.
The sales of Palamedes and Pomona will
generate a capital gain of SEK 10 M.
All in all, in 1997 Näckebro disposed of
non-strategic properties in Sweden and
other countries for SEK 960 M. The sales
will result in a loss of SEK 16 M.
For further information, please contact:
Lennart Schönning, Chief Executive,
Näckebro, tel.: +46-(0)8-412 19 01,
mobile: 070-645 02 50
Näckebro is an innovative property
company characterised by an active
property development programme, a modern
organisational philosophy and an open
information policy. Näckebro's stock is
all high-grade and presently concentrated
to office and residential properties in
Stockholm, Malmö, Gothenburg and London.
With the acquisition of Fabege, the
property portfolio comprises about 1.4
million sq m of space at a book value of
approx. SEK 13,000 M. Näckebro is listed
on Stockholm Stock Exchange's O list.