Klövern acquires a property at Frösunda, Stockholm

2012-06-29

Klövern AB (publ) has signed a contract to acquire a property at Frösunda, Stockholm, for SEK 510 million. The office property, which will be taken possession of on 5 July, is being acquired in corporate form.
The property Hilton 3, with three office buildings, was built in 2003 and consists of a total of 18,500 sq.m. of which 17,000 sq.m. are offices. The property has a diversified tenant structure with a large number of well-known tenants. The rental value amounts to approximately SEK 50 million. The occupancy ratio is over 90 per cent. The property is well situated, adjacent to the E4 highway, in the best location in Frösunda’s office area.

“We regard the fact that the property is not directly adjacent to any of Klövern’s existing properties as positive in this case. I am pleased that, with these fine and flexible buildings we have also succeeded in becoming established at the best location in the Frösunda/Solna area. The property is a longed-for complement to Klövern’s Stockholm portfolio. It broadens Klövern’s rental offering, while further diversifying our rental base in a positive way”, says Klövern’s CEO Rutger Arnhult.

Nyköping, 29 June 2012

Klövern AB (publ)

For further information, please contact:
Rutger Arnhult, CEO, +46 72-301 53 31, rutger.arnhult@staging-wwwklovernse.wp4.triggerfish.cloud
Britt-Marie Einar, Finance and IR Manager, Deputy CEO, +46 155-44 33 12/+46 70-224 29 35,
britt-marie.einar@staging-wwwklovernse.wp4.triggerfish.cloud

Klövern is a real estate company committed to working closely with customers to meet their needs of premises and services in Swedish growth regions. As at 31 March 2012, the value of the properties totalled approximately SEK 20.9 billion and the rental income on an annual basis was around SEK 2.3 billion. The Klövern share is listed on Nasdaq OMX Stockholm Mid Cap.

Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00, Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office: Nyköping. Website: www.staging-wwwklovernse.wp4.triggerfish.cloud info@staging-wwwklovernse.wp4.triggerfish.cloud

This information is such that Klövern AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 29 June 2012.