Kungsleden acquires house for elderly living

Kungsleden acquires house for elderly living The property company Kungsleden AB (publ) has through Hemsö Äldreboende AB, a joint venture with Catella, acquired the property Jakobsberg 34:6 in Järfälla. The property is used for elderly living and is let to the municipality on a 20 year lease period. The property is totally rebuilt and refurbished during 2002 and contains 7000 sqm of modern elderly living with a yearly income including interest subsidy, of MSEK 11,8. The purchase price is MSEK 130. - The result of our efforts on the market for elderly living has been very positive. To be able to acquire another modern property for elderly living with a strong tenant on a long lease strengthens the low risk without lowering the yield goal that we have in our elderly living portfolio, says Jens Engwall, CEO of Kungsleden. For more information, please contact: Jens Engwall, Kungsleden's Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 Kungsleden's strategy is to assure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 415 properties with a book value of approximately SEK 9.5 bn. The holding is located in a total of 122 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/23/20030123BIT00300/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/23/20030123BIT00300/wkr0002.pdf