Kungsleden selling five properties and leaving three locations
Listed Swedish property company Kungsleden AB (publ) is continuing to focus and optimise its property portfolio consistent with its new strategy, and is selling five small retail properties in five municipalities. The sales price is SEK 112 m. The purchaser is Redito through Trophi Retail 1 AB.
Kungsleden has sold five small retail properties in the Municipalities of Fagersta, Torsås, Kalmar, Orust and Hallstahammar. The properties have the following designations: Marketentaren 1 in Fagersta, Eldsboda 1:121 in Hallstahammar, Rovan 17 in Kalmar, Henån 1:303 on the island of Orust and Torsås 1:25 i Torsås. Kungsleden purchased these properties in November 2006.
These sales mean Kungsleden leaving the Municipalities of Fagersta, Torsås and Orust. Completion is in June, and these deals create a small-scale capital gain.
“We are continuing to concentrate our portfolio through the sale of non-strategic properties. This sale frees up capital that can be reinvested in strategic properties on priority growth markets,” commented Kungsleden’s Transaction Manager Ylva Sarby Westman.
For more information, please contact:
Ylva Sarby Westman, Transaction Manager of Kungsleden |tel +46 (0)8 503 05227 | ylva.sarby.westman@kungsleden.se
Anders Kvist, Deputy CEO and CFO of Kungsleden | +46 (0)8 503 052 11 | anders.kvist@kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 29 April 2014 at 8:15 a.m.
Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ OMX Stockholm since 1999.
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