SAAB does a deal. Factory sold, conditionally.

saab_logo

 

The Saab saga (saabga? Saaga?) continues today with the announcement that a consortium of Swedish real estate investors with Hemfosa Fastigheter AB at the helm, is set to purchase 50.1% of Saab Property for $39.28 million (SEK 255 million). The property includes 5.199×10^6 square feet of building space.

But that leaves Saab Automobile without a place to build cars. So they’ve arranged a lease-back agreement with Saab Property for a duration of 15 years.

The deal still needs to be approved by the Swedish National Debt Office, the Swedish National Government and the European Investment Office before it can progress.

source-Edmonds Inside Line

Advertisements

Tell us what you think. We promise to reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s