Property sale discontinued
On 16 February 2012, listed Swedish property company Kungsleden AB (publ) reported the sale of five properties for a total purchase price of SEK 151 m excluding transaction costs at a property yield of 7.1%. On 10 April 2012, Kungsleden reported that completion had been rescheduled to 15 May 2012.Because the purchaser has not succeeded in arranging finance in time, it is likely that this transaction must now be cancelled. However, the parties are continuing to work to find a solution. The sales price of these properties exceeded book value by approximately SEK 10 m and acquisition cost