Brief: Serneke And Balder Are Building The Aries Block In Karlastaden

Fastighets AB Balder

30/12/2021 14:32

Dec 30 (Reuters) - SERNEKE Group AB (publ)  SRNKEb.ST :
    * SERNEKE AND BALDER ARE BUILDING THE ARIES BLOCK IN KARLASTADEN
    * SERNEKE AND FASTIGHETS AB BALDER ARE FORMING ANOTHER JOINT DEVELOPMENT COMPANY IN A JOINT
VENTURE TO CONTINUE COLLABORATION IN KARLASTADEN IN GOTHENBURG
    * JOINT VENTURE WILL DEVELOP BLOCK DESIGNATED ARIES COMPRISING AROUND 190 APARTMENTS
    * SERNEKE - JV , OF WHICH BALDER IS ACQUIRING 50 PERCENT, WILL HAVE AN UNDERLYING PROPERTY
VALUE
OF AROUND SEK 210 MILLION
    * - BALDER WILL PAY PURCHASE PRICE THROUGH PARTIAL PAYMENTS DURING PROJECT'S IMPLEMENTATION
    * SERNEKE WILL BE TURNKEY CONTRACTOR FOR CONSTRUCTION, WHICH HAS AN ORDER VALUE OF
APPROXIMATELY
SEK 350 MILLION.
    * ORDER VALUE IS INCLUDED IN ORDER BOOKINGS AT SIGNING OF CONSTRUCTION CONTRACT

Source text for Eikon:  ID:nWkr2pMFjM 
Further company coverage:  SRNKEb.ST 

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