Kungsleden selling residential properties in Växjö for SEK 185 m

Listed Swedish property company Kungsleden AB (publ) is continuing to focus its property portfolio in accordance with the company’s new strategy, and is selling three residential properties for a purchase price of SEK 185 m.  These properties, Oxdragaren 1, Vinaman 6 and Djäknen 4, are all located in the centre of the southern Swedish city of Växjö and the buyer is Swedish property company M2 Gruppen. The sale generates a profit of SEK 32 m.

The properties were acquired from GE Real Estate in autumn 2013 and have very central locations in Växjö close to services, retailing and communications. They are well-maintained properties of high quality that generate stable cash flows.

“These sales are fully consistent with our new strategy, which includes focusing and concentrating our property portfolio. These transactions free up capital that we can re-invest in new commercial properties in economic growth regions,” commented Kungsleden’s CEO Biljana Pehrsson.


Image: Oxdragaren 3


Image: Djäknen 4


Image: Vinaman 6

For more information, please contact:

Biljana Pehrsson, Chief Executive of Kungsleden | +46 (0)8 503 052 04 | biljana.pehrsson@kungsleden.se
Anders Kvist, Deputy CEO and CFO of Kungsleden | +46 (0)8 503 052 11 | anders.kvist@kungsleden.se

www.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 16 April 2014 at 8:00 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.

Tags:

About Us

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 (KLED) is listed on NASDAQ Nordic Large Cap.

Subscribe

Media

Media

Quotes

These sales are fully consistent with our new strategy, which includes focusing and concentrating our property portfolio. These transactions free up capital that we can re-invest in new commercial properties in economic growth regions.
Biljana Pehrsson, CEO