Kungsleden shows strong new leasing performance

During July and August, Kungsleden signed 20 lease agreements covering an area of 17,500 square meters in total, with an annual rental value of SEK 35 million.

The rental market is still very good, with strong demand for office space and other commercial premises in all our priority markets and clusters. The newly signed leases usually have a higher rent per square meter compared with the previous. In the cluster Danderyd Kontor, a new top rent has been noted of SEK 2,400 per square meter on several new leases. Furthermore, in the cluster Stockholm City West, a 745 square meter lease has been signed with an annual rental value of SEK 2.6 million, which equates to a lease of SEK 3,200 per square meter.   

“It is extremely gratifying that during the summer we have had a high rental activity and can show very strong new rental performance. We still have strong demand in our main markets of Stockholm, Gothenburg, Malmö and Västerås, which accounts for 80% of our property portfolio,” says Lena Bredberg, Head of Leasing at Kungsleden.

For more information, please contact:

Lena Bredberg, Leasing Manager Kungsleden | +46 8 503 052 13 | lena.bredberg@kungsleden.se 

Biljana Pehrsson, Chief Executive of Kungsleden | 46 (0)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 1/9 2017 at 07:00.

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.

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Quotes

It is extremely gratifying that during the summer we have had a high rental activity and can show very strong new rental performance. We still have strong demand in our main markets of Stockholm, Gothenburg, Malmö and Västerås, which accounts for 80% of our property portfolio
Lena Bredberg, Head of Leasing at Kungsleden