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Vinge advised Dagon in relation to expansion of its property portfolio in Gothenburg

November 02, 2010

Dagon has acquired the industrial property designated as Sävenäs 170:13 in Gothenburg from L-Å Eveberg Fastighetsutveckling AB. The property is situated adjacent to Dagon’s property designated as Sävenäs 170:14 on von Utfallsgatan in Gothenburg. The purchase price was based on a total underlying property value of SEK 16. 9 million. Completion was scheduled to occur on 1 November 2010. The acquisition was effected through a share transfer of the real estate holding company.

Dagon also acquired two properties designated as Tuve 86:2 and Tynnered 1: 15 in Gothenburg. The properties are currently fully let and annual rental income amounts to approximately SEK 6.4 million. The purchase price was based on a total underlying property value of SEK 72.5 million. Completion was scheduled to occur on 1 November 2010.

Dagon AB (publ) is a property development company with an estate portfolio with a market value of approximately SEK 5 billion. The portfolio primarily consists of commercial properties and some project development properties in southern and central Sweden. Dagon AB is listed on NASDAQ OMX Stockholm.

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