Kungsleden divests vacant property in Spånga

Kungsleden has signed an agreement to sell the property Stockholm Mandelblomman 3 to Coeli Fastighet I AB for SEK 36 million. The sales price exceeds the book value of the property.

The property is located in Spånga and the 1,800 sq.m building on the property is currently vacant. The transfer of ownership is planned to take place in July 2019. The divestment is in line with the corporate strategy of owning attractive properties with future potential in clusters.

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 June 12, 2019 at 10.30 a.m.

Kungsleden is a long-term property-owner, and our vision is to create attractive and sustainable places 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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About Us

Kungsleden is a property company operating in Sweden and listed on Nasdaq Stockholm. We focus on owning, actively managing, improving and developing commercial properties long-term in the office, industry/warehouse and retail segments, in chosen growth regions such as Greater Stockholm, Greater Gothenburg, the Mälar Valley and southwestern Sweden. We offer appealing and functional premises in the right locations at the right price. Clustering our properties, ensuring a good local knowledge and being close to our customers allows us to quickly offer new solutions when our customers’ needs change.