Kungsleden divests land for out of town retail in Eskilstuna

Kungsleden has signed an agreement with Eskilstuna municipality regarding the sale of the Skiftinge 1:3 property in Eskilstuna. The property currently consists of land designated in the zoning plan for out of town retail.

“The development of Skiftinge has been delayed and out of town retail is not currently one of Kungsleden’s strategic property segments. Therefore, we responded positively when Eskilstuna municipality expressed an interest to acquire the land in Skiftinge. We now have the opportunity to focus even more on developing our attractive office and retail spaces in central Eskilstuna,” says Frida Stannow Lind, Head of Property Development at Kungsleden.

The purchase price amounts to SEK 19 million and the transaction does not affect operating net as it consists purely of land. The municipal council will make a decision on February 14 on the acquisition and it is then expected to gain legal force after five weeks.

For more information, please contact:

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

Marcus Lundh, Asset Manager Eskilstuna at Kungsleden | +46 16-551 24 41| marcus.lundh@kungsleden.se 

www.kungsleden.se

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

The information was provided for public release on 26 Jan, 2018 at 07:00 a.m.

Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.

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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.