Klövern acquires in central Stockholm for SEK 340 million

Klövern acquires the site leasehold to the property Orgelpipan 4 from AxFast. The acquisition is Klövern's first in the central part of Stockholm and comprises a development property which is intended to be developed into a modern office- and retail property.

The property, which is situated close to Stockholm Central Station, has a lettable area of around 4,500 sq.m. and is almost fully let. The largest tenants are Electrolux Home, Svea Ekonomi and Snowfall. The rental value amounts to SEK 19 million.

This is a very exciting project in the heart of Stockholm where we will be a part of the transformation of Klarabergsgatan and the area between Sergels Torg and Stockholm Central Station", says Klövern's CEO Rutger Arnhult.

Transfer of possession will be on 5 April.

Klövern AB (publ)

For additional information:
Rutger Arnhult, CEO, +46 70-458 24 70, rutger.arnhult@klovern.se
Lars Norrby, IR, +46 76-777 38 00, lars.norrby@klovern.se

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in Swedish 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 8-400 500 50. E-mail: info@klovern.se.

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 2 February 2016.