Kungsleden demolishes vacant mall in Eskilstuna

Kungsleden has decided to pull down the vacant property Skiftinge 1:3 in Eskilstuna. The property located next to E20 has previously accommodated the shopping mall Rondellen, but is since several years empty.


 

Kungsleden AB (publ) acquired the property Skiftinge 1:3 as a part of the large portfolio purchased from GE Capital Real Estate in 2013. The property, built in 1978 and totaling 9,500 sqm, has been vacant for many years. Additionally, the property does not meet the standards required for a modern retail building.

Therefore, Kungsleden has decided to pull down the property in order to better serve the land which has a first class commercial location right next to the E20 motorway.

“The old mall Rondellen has been vacant for many years and it is time that the area comes to better use; for the municipality, for the people of Eskilstuna and for us as property owners. This is why we have started to pull down the property. We are currently in discussions with the municipality about the areas future development”, says Frida Stannow Lind, Head of Development at Kungsleden.

Kungsleden is one of Eskilstuna’s largest commercial property owners with several office and retail properties in the city center.

For more information, please contact:

Frida Stannow Lind, Head of Development at Kungsleden | +46 8 503 052 30 | frida.stannow.lind@kungsleden.se

Biljana Pehrsson, Chief Executive Officer at Kungsleden | +46 8 503 052 04 | biljana.pehrsson@kungsleden.se

www.kungsleden.se

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden

The information was provided for public release on 18 May 2015 at 8:00 a.m.

Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ Stockholm since 1999.

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About Us

Kungsleden is a property company operating in Sweden and listed on Nasdaq Stockholm. We focus on owning, actively managing, improving and developing commercial properties long-term in the office, industry/warehouse and retail segments, in chosen growth regions such as Greater Stockholm, Greater Gothenburg, the Mälar Valley and southwestern Sweden. We offer appealing and functional premises in the right locations at the right price. Clustering our properties, ensuring a good local knowledge and being close to our customers allows us to quickly offer new solutions when our customers’ needs change.

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Quotes

The old mall Rondellen has been vacant for many years and it is time that the area comes to better use; for the municipality, for the people of Eskilstuna and for us as property owners. This is why we have started to pull down the property. We are currently in discussions with the municipality about the areas future development
Frida Stannow Lind, Head of Development Kungsleden