IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Monday, June 13, 2011

Hemfosa buying Saab's property?

As previously reported, a sale of Saab's property can happen shortly to raise some much needed cash to run Saab for the short-term. The long-term funding of Saab are to be secured through a deal with Chinese companies Pang Da and Youngman. But until that deal is finalized, Saab needs short-term funding, thus the property sale.

Today Swedish Fastighetsvärlden online edition reveals that the Swedish property company Hemfosa is interested in buying Saab's buildings, land and facilities.

On 25 May the CEO of Hemfosa, Jens Engwall, met with CEO of Saab Victor Muller, the Russian banker Vladimir Antonov and Rob Schuijt who is Senior Vice President Corporate Development of Spyker.

"We have been approached by Spyker and met their representatives, that is true. We have held a dialogue and we'll see what happens. A deal is possible because the European Investment Bank has released the pledge," says Jens Engwall, CEO of Hemfosa, to Fastighetsvärlden.

Engwall added that it's a question of price, and that a sale can happen quickly.
According to Fastighetsvärlden, Saab's property covers 480,000 square meters of rentable space of which over 20,000 square meters are office space. The rest is modern industrial facilities. The land is 120 hectares and includes a testing ground.

Saab and Spyker have now confirmed in a press release that a property sale is close to happen.