John Mattson Fastighetsföretagen AB (publ) has signed an agreement for the sale of the Klassrummet 1 property in central Stockholm. The price is based on an underlying property value of SEK 127,5 million before deduction for latent tax. The buyer is Bonnier Fastigheter AB.

The Klassrummet 1 property is located at Lilla Bantorget in central Stockholm and comprises one older office building dating back to the late 1800s. The total lettable area amounts to 1,131 square metres. The price is based on an underlying property value of SEK 127,5 million before deduction for latent tax, which is SEK 12 million lower than its carrying amount as of the second quarter 2023.

The estimated negative earnings impact from the transaction for John Mattson amounts to about SEK 20 million after deduction for latent tax, transaction costs and the reversal of recognised deferred tax. A realised change in value will be recognised for the fourth quarter. The sale will take place via a corporate wrapper.

The agreement is unconditional and John Mattson will transfer ownership of the property on 10 November 2023. Nordanö and Wigge & Partners have acted as transaction advisors for the vendor.