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    WIHL   SE0011205194

WIHLBORGS FASTIGHETER AB (PUBL)

(WIHL)
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Wihlborgs Fastigheter : signs lease with Regin to open a new innovation centre at Ideon in Lund

05/05/2021 | 01:31am EDT

Regin, a Swedish company that develops smart, automated solutions to reduce energy consumption at properties, is moving its research and development operations from Landskrona to Lund. The company has signed a lease with Wihlborgs for 820 m² in Ideon Science Park.

Regin will move in to the Node office building (Nya Vattentornet 2) in the eastern section of Ideon. Neighbouring companies at Ideon include Sigma Connectivity, Schneider Electric and Storytel. Ericsson, Sony and Cellavision also have operations in neighbouring buildings.

"R&D has always been the core of Regin's strategy. Regin is now making major investments for future growth and the move to Lund and Ideon is an important milestone," says Fredrik Wiking, President and CEO of AB Regin.

"Regin is a technology driven company that fits in well at Ideon. I am convinced that Regin will benefit significantly from proximity to expertise and other technology companies, creating opportunities for the exchange of experience and new business," says Ulrika Hallengren, CEO of Wihlborgs.

The Regin Group has operations in Europe and Asia. In Sweden, Regin is represented in five locations and will move in to the new premises in Lund at the start of June 2021.

About Ideon Science Park

Ideon was founded just over 35 years ago adjacent to Lund University when it became the first research park of its kind in Sweden and the whole of northern Europe. Ideon is currently home to over 400 companies providing 10,000 jobs and a wide set of skills in connectivity, ICT, life science, cleantech, energy, health technology and smart materials. Wihlborgs is the largest property owner at Ideon with 180,000 m² of premises for offices, labs and development.

Wihlborgs Fastigheter AB (publ)


 

For further information, please contact:
Ulrika Hallengren, CEO: +46 (0)40 690 57 95
Maria Ivarsson, Regional Director, +46 (0)40 590 62 19

Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and CopenhagenIn Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.

The book value of the company's properties totals SEK 46.7 billion, representing an annual property rental value of SEK 3.3 billion.

Wihlborgs' shares are listed on the Large Cap List of Nasdaq Stockholm.

https://news.cision.com/wihlborgs-fastigheter-ab/r/wihlborgs-signs-lease-with-regin-to-open-a-new-innovation-centre-at-ideon-in-lund,c3340032

https://mb.cision.com/Main/890/3340032/1412480.pdf

https://news.cision.com/wihlborgs-fastigheter-ab/i/node--vattentornet-2-,c2908922

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 3 020 M 359 M 359 M
Net income 2021 1 748 M 208 M 208 M
Net Debt 2021 22 646 M 2 692 M 2 692 M
P/E ratio 2021 16,5x
Yield 2021 2,93%
Capitalization 27 730 M 3 296 M 3 296 M
EV / Sales 2021 16,7x
EV / Sales 2022 16,0x
Nbr of Employees 237
Free-Float 86,4%
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 190,00 SEK
Last Close Price 180,40 SEK
Spread / Highest target 13,6%
Spread / Average Target 5,32%
Spread / Lowest Target -5,76%
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Managers and Directors
NameTitle
Ulrika Hallengren Chief Executive Officer
Arvid Liepe Chief Financial Officer
Anders Jarl Executive Chairman
Jan Larsson Operations Manager
Sara Erika Karlsson Independent Director