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STOCKHOLM-The Swedish post office has raised up to €400 million ($360 million) from property sales this year, advised by Catella Corporate Finance.<p<In Stockholm, the post office agreed a sale and leaseback of its 645,000 sf future headquarters to the property company AP Fastigheter in a €100 million ($90 million) deal. A long-term rental agreement was signed and the project will be completed by the end of 2003.

And subsequently the post office sold a portfolio of 73 properties with a value of about €300 million ($270 million) to Wihlborgs, a Swedish listed property company. The most valuable part of the portfolio was a group of seven properties totalling 650,000 sf in Stockholm city centre.

Catella Corporate Finance acted as advisor in both transactions.

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