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Balder and Skanska Enter Agreement to Construct 184 Apartments in Havneholmen

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Reviewed

Oct 8 2014

Balder has signed an agreement with Skanska regarding the construction of 184 apartments in Havneholmen, centrally located in Copenhagen harbor.

The lettable area amounts to 17,574 sq.m. and the investment amounts to approximately SEK 575m. The construction has already commenced and will be completed during the first quarter 2016.

The homes are constructed with high quality and located in an area full of life and activity. On one side of the dwellings, a park with fruit trees and green spaces will be built and on the other side, a marine environment with houseboats and boating with direct access to the water will be developed. "We look forward to work with Skanska and are very excited to be involved in a housing project in one of Copenhagen's most attractive locations. The project supports our strategy to build a portfolio of rental housing in Copenhagen, "says CEO Erik Selin

Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 7 October 2014 at 14.00.CEST

Source:

http://www.balder.se/

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