Kungsleden sells

Report this content

Kungsleden sells The property company Kungsleden AB (publ) has in separate deals sold the properties Helsingborg Kulan 1 and Värjan 3 as well as Kungälv Krabbetornet 1 and 35. The total sales price amounts to SEK 58,7million with a profit of SEK 11 million. The divestments are made on a property yield of 8,5 %. For more information, please contact: Jens Engwall, Kungsleden's Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's COO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 [REMOVED GRAPHICS] Kungsleden's strategy is to assure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 415 properties with a book value of approximately SEK 9.5 bn. The holding is located in a total of 122 municipalities, although 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/2002/10/25/20021025BIT00600/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/25/20021025BIT00600/wkr0002.pdf http://www.waymaker.net/bitonline/2002/10/25/20021025BIT00600/wkr0003.xls Bilaga