Kungsleden’s new property portfolio’s total return reaches 13 percent – above IPD Swedish Property Index 2014
Kungsleden’s property portfolio’s total return reached 13 percent according to IPD Swedish Property Index, which surpasses the industry average with 4.4 percentage points. The office segment in growth regions had the best return performance during 2014 for Kungsleden.
“I am happy to see that our efforts to refine and concentrate our property portfolio in accordance with our new strategy have paid off. The high total return is a result of improved operating net and increased value in our new portfolio, which today is geographically focused towards growth regions and the office segment”, says Biljana Pehrsson, CEO Kungsleden.
Kungsleden has been part of IPD Swedish Property Index since 2013. Kungsleden’s business concept is to own, actively manage and develop commercial properties in growth regions in Sweden, and deliver an attractive total return.
IPD Swedish Property Index was established in 1997 and is commissioned by 34 operators on the Swedish property market, with a total property value of SEK 464 bn, to measure the total return on properties. The 2014 industry index was 8.6 percent. The index offers a transparent and good measurement on the performance of the entire property market.
For more information, please contact:
Anders Kvist, Deputy CEO and CFO of Kungsleden | +46 (0)8 503 052 11 | firstname.lastname@example.org
Biljana Pehrsson, Chief Executive of Kungsleden | +46 (0)8 503 052 04 | email@example.com
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 4 March 2015 at 10:00 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.