Brief: Serneke Sells Development Rights In Karlastaden To Tosito

SERNEKE AB (publ)

18/12/2020 07:05

Dec 18 (Reuters) - SERNEKE Group AB (publ)  SRNKEb.ST :
    * SERNEKE SELLS DEVELOPMENT RIGHTS IN KARLASTADEN TO TOSITO
FOR
APPROXIMATELY SEK 200 MILLION
    * PURCHASE PRICE AMOUNTS TO APPROXIMATELY SEK 200 MILLION,
CORRESPONDING TO A BUILDING RIGHTS VALUE OF APPROXIMATELY SEK
13,000 PER SQUARE METER
    * SALE IS EXPECTED TO HAVE A POSITIVE IMPACT ON EARNINGS OF
APPROXIMATELY SEK 80 MILLION IN Q4
    * IN CONNECTION WITH TRANSACTION, SERNEKE AND TOSITO WILL
ALSO
SIGN A CONSTRUCTION AGREEMENT
    * PROJECT IS EXPECTED TO BE COMPLETED IN STAGES FROM LATE
2022/EARLY 2023 UNTIL SUMMER OF 2023

Source text for Eikon:  ID:nWkr3VZpyw 
Further company coverage:  SRNKEb.ST 

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