In October 2016, Fastator divested its shares in property company Konland AB, to a purchase price of MSEK 33.O, paid in cash. Buyer was Landera AB. Through the sale, Fastator realized a return on equity of 252%.
Fastator formerly owned 49% of Konland. On June 9 2016 it was announced that Konland AB had sold its real estate holdings, two properties in central Stockholm, to Tobin Properties AB (publ) and the Fridhem Property Stockholm AB.
Åstorp Axeln 7 & 8
On June 15, 2016 sold Fastator its last directly-owned real estate, industrial and logistics properties Axeln 7 & 8 in Åstorp in the Skåne region in southern Sweden. The properties were bought by Konkret Fastighetsutveckling AB, wholly owned by Fastator.
The underlying property value amounted to about 50.5 million, corresponding to a return on equity of 654% for Fastator’s shareholders.