Balder sells 5 properties in Sweden for €95m

Stockholm-listed Balder Real Estate has agreed to sell five properties in two transactions for a total of SEK 870 mln (€95 mln).

The first transaction involves a 20,000 m2 office building, Jakobsberg 2: 2583, in the Järfälla municipality of Stockholm County. In the second, Balder sold Eken 14 in Sundbyberg, Stockholm County as well as the buildings Vreten 8, 17 and 25 in the city of Stockholm. The properties provide 40,000 m2 of predominantly office space.

The names of the buyers were not disclosed.

Balder is listed on the large cap section of Nasdaq Stockholm and had €4.1 bn of real estate assets under management in Sweden at end-March 2015.