Kungsleden closes the deal concerning fully developed residential building rights in Mölndal
Kungsleden closes the deal, divesting an undeveloped part of the Stiernhielm 7 property in central Mölndal to JM for SEK 96 million.Together with JM, Kungsleden has pursued a zoning plan process to transform an undeveloped part of the Stiernhielm 7 property in Mölndal into residential building rights. The divested land will allow for the development of 9,400 sq.m. of housing. The transaction led to a positive earnings impact of SEK 90 million in the second quarter this year when the zoning plan came into force. Kungsleden will retain ownership of the developed part of the property that is