KONLAND AB DIVESTS GLADAN 6 AND 7 PROPERTIES ON KUNGSHOLMEN
Fastator owns 49% of the associated company Konland AB, which has divested the Gladan 6 & 7 properties on Kungsholmen to Tobin Properties AB (publ) and Fridhem Fastighetsutveckling Stockholm AB at an underlying property value of MSEK 283.
This amount exceeds the most recent market evaluation in the first quarter of 2016 by MSEK 33. Divestment of the properties to Tobin Properties AB (publ) and Fridhem Fastighetsutveckling Stockholm AB will create conditions for developing the area comprising west Kungsholmen.
For more information, please contact:
Daniel Hummel, CEO
+46 (0)70 661 24 29
Erika Kveldstad, CFO
+46 (0) 70 339 99 99
Aktiebolaget Fastator (publ) in an investment company specialised in the property sector. Fastator’s business concept is to invest in entrepreneurial, property-related companies and to contribute to the achievement of unrealised potential through active, long-term ownership. Fastator’s share has been traded on Nasdaq First North Stockholm since 24 September 2015. The company’s Certified Adviser is Erik Penser Bankaktiebolag, tel. +46 (0)8-463 80 00. This is information of the type that Fastator is obligated to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 9 June 2016 at 8:15 a.m.