The Klassrummet 1 property is located at Lilla Bantorget in central Stockholm and comprises one older office building dating back to the late 1800s. The total lettable area amounts to 1,131 square metres. The price is based on an underlying property value of SEK 127.5 million (EUR 11.6 million) before deduction for latent tax, which is SEK 12 million (EUR 1.09 million) lower than its carrying amount as of the second quarter 2023. The estimated negative earnings impact from the transaction for John Mattson amounts to about SEK 20 million (EUR 1.82 million) after deduction for latent tax, transaction costs and the reversal of recognised deferred tax. A realised change in value will be recognised for the fourth quarter. The sale will take place via a corporate wrapper.

“We are making our second property sale in a short time, thereby contributing to strengthening John Mattson’s financial position by reducing the loan-to-value ratio. Klassrummet 1 is our last property in central Stockholm. The sale means that we have now streamlined our portfolio into four geographical property management areas, thus creating the preconditions for more efficient and value-creating property management,” comments Per Nilsson, CEO of John Mattson.

"The acquisition of Expeditionshuset is in accordance with our growth strategy where we are now buying a well-managed investment property. We are expanding our portfolio of cash flow properties and look forward to taking over the management of this historic and unique property," says Tomas Hermansson, CEO Bonnier Fastigheter. 

The agreement is unconditional and John Mattson will transfer ownership of the property on 10 November 2023.

Nordanö and Wigge & Partners have acted as transaction advisors for the vendor.