Kungsleden makes SEK 82.5 m acquisition in Malmö

Swedish listed property company Kungsleden AB (publ) is acquiring a property in Malmö, southern Sweden, for approximately SEK 82.5 m at an estimated property yield of some 6.7%. The property’s total lettable floor-space is about 8,800 sq.m. Approximately 62% of the property consists of hotel accommodation, 16% is offices, 22% other accommodation while about 7% of the space is vacant. The main tenant is Fosieby Hotell AB. The average term of rental contracts is around three years. The property has a rental value of slightly over SEK 8 m.

The property is to change hands on 1 March.

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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