24 April 2019, Sweden | Corporate Finance | News
Catella advisor to Wihlborgs in sale of property in Lund
Wihlborgs' press release:
Wihlborgs divests in Lund
Today Wihlborgs signed an agreement to sell the Landsdomaren 6 property in Lund encompassing a total of 27,500 m² of lettable area.
The property was sold to Intea Fastigheter AB (publ) through a corporate wrapper for a consideration of SEK 1.4 billion. The rental value is around SEK 65 million and the ownership will transfer on 31 May 2019.
Landsdomaren 6 is fully let to Region Skåne, which operates adult psychiatry facilities at the premises. Region Skåne rents the premises under a 20-year agreement that extends until 31 May 2033.
“This is a fully developed property with a long lease and with limited potential to continue adding value. The sale of the property means we can free up resources and focus on developing properties where we can create new value and new opportunities,” says Ulrika Hallengren, CEO of Wihlborgs Fastigheter.
“Intea focuses on long-term, active property ownership for public sector tenants. This means that we are confident that our tenant will continue to have a landlord that focuses on long-term relationships and a high level of service.”
Wihlborgs Fastigheter AB (publ)