In a property swap deal with Corem, Klövern acquires three properties in Norrköping and one site leasehold to a property in Stockholm, and sells three properties and one site leasehold to a property in the Stockholm area.
The underlying property value of the acquired properties amounts to SEK 152 million. The underlying property value of the divested properties amounts to SEK 238 million, which is in line with book value. The net difference of the property swap deal will be paid in cash.
The acquired properties in Norrköping and Stockholm (in the urban district Vinsta) have a total lettable area of 27,300 sq.m. and a rental value of SEK 17 million. All four properties are situated close to Klövern's existing properties in each respective market. The property names of the acquired properties are Norrköping Stålet 3, Norrköping Bronsen 2, Norrköping Slakthuset 14 and Stockholm Singeln 13.
The divested properties (Sollentuna Ringpärmen 6, Sollentuna Revisorn 3, Järfälla Kallhäll 9:36, Stockholm Konsumenten 3) have a total lettable area of 24 200 sq.m. and a rental value of SEK 22 million.
Transfer of possession is planned to be on 1 December 2017.
The property swap deal is subject to approval at an extraordinary general meeting of Corem but is deemed not to be of such a size that it requires approval at a general meeting in Klövern.
Klövern AB (publ)
For additional information:
Rutger Arnhult, CEO, +46 (0)70-458 24 70, firstname.lastname@example.org
Lars Norrby, IR, +46 (0)76-777 38 00, email@example.com
Klövern is a real estate company committed to working closely with customers to offer them efficient premises in growth regions. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se.
Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: +46 (0)10-482 70 00. E-mail: firstname.lastname@example.org.
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