Carnegie Fastigheter Sverige AB Acquires SEK 1.2 Billion of Properties.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden -- Carnegie Fastigheter Sverige AB (Carnegie Fastigheter) (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :CAR) has acquired five properties in Stockholm, Gothenburg and Malmo for a total purchase price of 1,2 billion Swedish Kronor. The acquisitions have been completed in four separate transactions in the first quarter of 2006. The portfolio consists primarily of modern office buildings but also contains residential, retail and light industry. The total area amounts to approximately 85,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas . A landmark building is Kalleback 17:2 in Gothenburg with Ericsson as the main tenant. Based on the purchase price, yield exceeds seven per cent. "It is satisfying that we now have a property portfolio with favourable yield and long contracts in the three largest markets in Sweden. Given the good current market liquidity we are looking into several projects that would add value to our portfolio", says Staffan Olsson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Carnegie Fastigheter. Carnegie Fastigheter was established in June 2005. Shareholders are a small number of reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil institutions. Carnegie is managing Carnegie Fastigheter and is responsible for the investment process, financing, acquisitions and divestments. Carnegie Investment Bank Carnegie Investment Bank AB is a Swedish company which specialises in stockbroking, investment banking and asset management. HistoryCarnegie was founded in 1803 when David Carnegie, Sr., a Scotsman, founded D. Carnegie & Co AB in Gothenburg. holds 1.4% of the shares. The total acquisition capacity of Carnegie Fastigheter is three billion Swedish Kronor. Glimstedt has acted as the legal advisor to Carnegie Fastigheter in all transactions. Stockhom 27th of March 2006 This information was brought to you by Waymaker http://www.waymaker.net |
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