4 July 2005, Stockholm
Coop Norden has engaged advisor to implement new property strategy
In the press release as of May 20, 2005 it was announced that Coop Norden plans to divest approximately one third of its property portfolio. The total portfolio consists of approximately 500 properties totaling more than 1,500,000 sq.m.
As part of the property strategy Coop Norden also carries out an analysis of the remaining property holdings to optimize its operations.
”Coop Norden thereby carries its strategy into action in line with its decisions”, Property Director, Jesper Loiborg announces. Loiborg is heading the project for Coop Norden.
Coop Norden has selected Catella Corporate Finance to advisor to implement new property strategy.
“By engaging Catella we assure the best possible implementation of this strategy for Coop Norden. The project is expected to be carried out before yearend”, Jesper Loiborg states.
For more information, please contact:
Jesper Loiborg, Coop Norden Danmark A/S, +45 43 86 32 01 or +45 51 59 32 01
Johan Ericsson, Catella Corporate Finance AB, +46 8 463 33 13 or +46 70 544 00 00
Jesper Bo Hansen, Catella Corporate Finance A/S, +45 33 93 75 93 or +45 20 25 23 30