Kungsleden in SEK 279 m property sale
Listed Swedish property company Kungsleden AB (publ) is selling two commercial properties for a total purchase price of SEK 279 m. The property yield amounts to 6.4%. The sales price is in line with book value and acquisition cost.These properties are located on the outskirts of Slakthusområdet wholesaling estate in Johanneshov, south of Stockholm. Leasable area is some 25,000 sq.m., split 55% warehousing and 45% processing area, offices, staffing accommodation and restaurants. 95% of warehousing volumes consist of freezer storage. The buyer is St Erik Markutveckling, a wholly owned