Klövern AB (publ): Klövern buying a property in New York city for 36 million USD

Klövern has acquired a property in Manhattan, with the address 322-326 7th Ave, for an underlying property value of 36 million USD, the equivalent of approximately 320 million SEK. The property, which is acquired in cooperation with the locally based property developer, the GDS Development, currently has a total leasable area of approximately 2 300 sqm.

«We are continuing to grow in New York city along with partners with long experience and strong track record. The property is also located in the vicinity of the leasehold we acquired earlier in the year, with a positive impact on the development and uthyrningsarbete», says Rutger Arnhult, CEO of Klövern.

The property was taken over on 24 July and the acquisition will be financed with bank loans and equity.

Klövern AB (publ)

For further information, please contact:

Rutger Arnhult, CEO, 070-458 24 70, rutger.arnhult@klovern.se

Lars Norrby, IR, 076-777 38 00, lars.norrby@klovern.se

Klövern is a real estate company with presence and commitment, offers the attractive premises in Swedish growth regions. Klövern is listed on Nasdaq Stockholm. Further information is available at www.klovern.se.


Klövern AB (publ), Bredgränd 4, 111 30 Stockholm, sweden. Tel: 010-482 70 00, E-mail: info@klovern.se.


180725 Klövern buying a property in New York city for 36 million USD (pdf)

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Klövern AB (publ) via Globenewswire

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