Kungsleden sells a property for SEK 158 m
Press Release 10 November 2010Listed Swedish property company Kungsleden AB (publ) is divesting an office property in Kristianstad, southern Sweden, for SEK 158 m. The sales price is consistent with book value and acquisition cost. Gross leasable area is approximately 14,000 sq.m. The acquirer, Gammab AB, is a subsidiary of family owned property firm Byggnads AB Bröderna Persson. Completion is planned for 1 December 2010. “We’re continuing our work on portfolio enhancement,” commented Kungsleden’s Chief Executive Thomas Erséus, “we’re seeing a change in our tenant mix, which