Kungsleden divests 16 properties for SEK 427 million and leaves seven municipalities
Kungsleden continues to concentrate its property holdings to prioritised growth markets and divests 16 properties for SEK 427 million, resulting in a positive income effect of around SEK 35 million. The divestments involve Kungsleden leaving the municipalities of Kumla, Filipstad, Kungsör, Sandviken, Arboga, Piteå and Sigtuna.
Kungsleden continues to focus its property holdings to prioritised growth markets and concentrates its geographical presence to 28 from 34 municipalities outside the metropolitan areas.
The divestments are part of Kungsleden's strategy of concentrating its holdings in selected growth markets in which one of the goals for 2016-2017 is to divest properties for SEK 2 billion. Kungsleden is on track to incorporate the goal and has after the divestment sold properties for over SEK 1 billion.
The properties have a total leasable area of over 102,000 square meters and a combined property sales value of SEK 427 million.
After the properties are vacated during the first quarter of 2017.
The 16 properties sold to Söderport Fastigheter AB are:
- Arboga Bälgen 9
- Kumla Oxen 11
- Kungsör Armaturen 10
- Piteå Öjebyn 119:1
- Sandviken Murängen 2
- Sandviken Åttersta 6:28
- Filipstad Mejeriet 17
- Filipstad Mejeriet 18
- Sigtuna Märsta 14:1
- Stockholm Solkraften 17 & 18
- Tyresö Bagaren 9
- Tyresö Fotografen 1
- Tyresö Kopparen 8
- Tyresö Kopparen 9
- Tyresö Kopparen 14
Earlier in the year, Kungsleden has also signed an agreement for the sale of the Adolfsberg West 10 property in Helsingborg for a sales price of SEK 7 million. The book value is in line with the sales price and the property will be vacated in April 2017.
Photo: Kungsör Armaturen 10
Photo: Piteå Öjebyn 119:1
Photo: Sandviken Åttersta 6:28
For more information, please contact:
Ylva Sarby Westman, Deputy CEO and CIO Kungsleden | 46 8 503 052 27 | ylva.sarby.westman@kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
The information was provided for public release on 28 February 2017 at 07:00 a.m.
Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.
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