Kungsleden divests six properties for SEK 809 m
Press Release 24 November 2010Swedish property company Kungsleden AB (publ) is selling six commercial properties for a total purchase price of SEK 809 m. The sales price exceeds book value by approx. SEK 23 m and is consistent with acquisition cost. The properties are located in Ludvika, north west of Stockholm, and are essentially let to ABB. Gross leasable area is approximately 190,000 sq.m. and total rental value is about SEK 87 m. The buyer of these properties is ABB Fastighet AB. Kungsleden completed the divestment on 23 November 2010. “Because Kungsleden’s property