Stenhus Fastigheter has entered into an agreement for the sale of two properties and sold and resigned four properties, indirectly through a number of company transactions. The total underlying property value was SEK 207 million, which meant a discount of approximately one percent compared to book value and a change in value during the holding period of plus SEK 28 million. Four properties have been divested and the others will be divested in Q1 2024.

The properties comprise a rentable area of approximately 15,852 square meters and are located in six Swedish municipalities. The estimated total annual rental income including additions from the properties amounted to approximately SEK 14.9 million and the average remaining lease length was 5.1 years. With these deals, Stenhus has left the towns of Sandviken, Ludvika, Helsingborg, Burlöv and Bureå, which is expected to have a positive effect on the company's management costs. The properties were mainly classified as warehouse, logistics and light industry.

The proceeds from the sales are used to repay secured loans and will thereby strengthen Stenhus' financial position and reduce the Company's interest costs. The sale as a whole is judged not to have any significant impact on the Company's results as the management result for the properties sold is on par with the average interest cost on the loans that are intended to be repaid.

- The sales were a step for us to streamline the management work as we left a number of towns with smaller properties, says Elias Georgiadis, managing director of Stenhus Fastigheter.

The properties that Stenhus sold (property designation, municipality, square meters):

- Bureå 7:134, Skellefteå, 1,761

- Mörsaren Mellersta 15, Helsingborg, 3,127

- Ludvika village 2:22, Ludvika, 1,695

- Tuna 3:3, Sandviken, 1,886

- Rosersberg 11:143, Sigtuna, 3,079

- Tågarp 16:38, Burlöv, 4,304