Kungsleden divests three properties in Köping and Norrtälje

Kungsleden divests the property Midgård 12 in Köping as well as the properties Handelsmannen 1 and Storsten 2 in Norrtälje. The total sales price amounts to SEK 97 m. Following the divestments, Kungsleden leaves both Köping and Norrtälje lowering the geographical presence to 64 municipalities. 

Kungsleden AB (publ) divests the non-strategic properties Midgård 12 in Köping as well as Handelsmannen 1 and Storsten 2 in Norrtälje.

Midgård 12 is located in central Köping and consists of 3,500 sqm retail and office space. The property is sold to Sterner Stenhus Fastigheter and closing will take place on May 2.

The project property Handelsmannen 1 and the industry and retail property Storsten 2 are both located in central Norrtälje. The properties have a combined leasable area of approximately 9,900 sqm. Handelsmannen 1 has a 75% vacancy level. Both properties are sold to Genova Property Group and closing will take place on July 1.

The total sales price amounts to SEK 97 m which is in line with book value. Kungsleden will leave the municipalities of Köping and Norrtälje following the deals, lowering Kungsleden’s geographical presence to 64 municipalities.

For more information, please contact:

Ylva Sarby Westman, Deputy CEO and CIO Kungsleden | +46 8 503 052 27 | ylva.sarby.westman@kungsleden.se

www.kungsleden.se

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

The information was provided for public release on 1 April 2016 at 07:00 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.