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 mainly let to the Västra Götaland Regional Council.
“We are very pleased to continue to realise the value of the significant residential development potential that we have worked for many years to produce at Kungsleden. We currently have just over 275,000 sq.m. of residential building rights and just over 600,000 sq.m. of commercial building rights under development in our prioritised markets of Stockholm, Gothenburg, Malmö and Västerås,” says Ylva Sarby Westman, Deputy CEO and CFO of Kungsleden.
For more information, please contact:
Ylva Sarby Westman, Deputy CEO and CFO, Kungsleden, +46 8 503 052 27, ylva.sarby.westman@kungsleden.se
Ulrica Sjöswärd, Regional Manager Gothenburg/Malmö Kungsleden, +46 73 803 12 09, ulrica.sjosward@kungsleden.se
Anna Trane, Kommunikationschef, Kungsleden, +46 708 84 74 69 , anna.trane@kungsleden.se
ABOUT KUNGSLEDEN. We are people that create places and experiences for people. By developing and managing attractive and sustainable places, we offer people a better and more inspiring work experience. We are a long-term property owner focused on commercial properties in Sweden’s growth regions. As of 30 September 2021, we owned 207 properties with a total value of SEK 43,182 million. Kungsleden (KLED) is listed on the Nasdaq Stockholm Large Cap. Read more at www.kungsleden.se