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Swedish Post Office Rationalises Property Holdings

STOCKHOLM-The Swedish post office has raised up to 400 million ($360 million) from property disposals, selling its new Stockholm headquarters and a portfolio of properties across Sweden.

By Graham Parker | Updated on October 18, 2001

STOCKHOLM-The Swedish post office has raised up to €400 million ($360 million) from property sales this year, advised by Catella Corporate Finance.

And subsequently the post office sold a portfolio of 73 properties with a value of about €300 million ($270 million) to Wihlborgs, a Swedish listed property company. The most valuable part of the portfolio was a group of seven properties totalling 650,000 sf in Stockholm city centre.

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