Kungsleden makes one acquisitions and sells nine

Report this content

Kungsleden makes one acquisitions and sells nine The property company Kungsleden AB (publ) is acquiring Sigtuna Rosersberg 11:37 for a total price of SEK 67 million The property is a modern logistic property of 11,400m2 and the most part are let to the American company Ingran-Micro. The initial yield is 12%. Kungsleden have also in piecemeal transactions sold properties among others in Älghult, Gränna, Klippan, Bollsta, Avesta and Odensbacken for a total price of SEK 21 million with a profit of SEK 2 million. "This is a good end of a good year", says Jens Engwall, Managing Director of Kungsleden, commenting on the transactions. For more information, please contact: Jens Engwall, Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Deputy Chief Executive, tel: +46 (0)8 503 05206, mobile: +46 (0)70 690 6565 Kungsleden's business concept is to own and manage properties with high and stable long-term property yield. Kungsleden is an active participant in the change processes on the Swedish property market, by utilizing and enhancing its competencies in structuring heterogeneous property holdings. This implies Kungsleden's property holding frequently changing through acquisitions and disposals. Kungsleden's portfolio comprises some 400 properties with a book value of nearly SEK 9 bn. The holding is located in approximately 130 municipalities, and is 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/2001/12/27/20011227BIT00090/bit0001.doc http://www.waymaker.net/bitonline/2001/12/27/20011227BIT00090/bit0001.pdf