DANDERYD, Sweden, June 4, 2002 (PRIMEZONE) -- Fastighets AB Tornet has sold eleven commercial properties in Greater Stockholm at the book value of SEK 137 million. Four of the properties are located in Taby municipality, two each in Varmdo, Stockholm and Upplands-Bro and one in Tyreso. This sale means that Tornet is further concentrating its Stockholm holdings to Morby, Solna, Hammarby Sjostad and central Stockholm.
This sale is part of an exchange transaction where Tornet is acquiring four office properties for SEK 153 million. Two of the properties are situated in Uppsala and two in Vasteras.
More information on sold and acquired properties is available on www.tornet.se under the heading Properties/List of properties.
Fastighets AB Tornet (publ)
For further information, please contact: Sverker Lerheden, Managing Director, Fastighets AB Tornet, +46-8-544 905 00 Britt-Marie Einar, IR Manager, Fastighets AB Tornet, +46-8-544 905 08, +46-70-576 92 08
FASTIGHETS AB TORNET (publ)
Fastighets AB Tornet is one of Sweden's major listed property companies. Its holding has a lettable area of approximately 3.1 million square metres and a book value of approximately SEK 19 billion. More than 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities, Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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