Kungsleden sells
Kungsleden sells The property company Kungsleden AB (publ) has sold the properties Helsinborg Kolonien 27 and Kolonien 28. The sales price amounts to SEK 97,5 million with a profit of SEK 10 million. The divestments are made on a property yield of 7,7 %. As we said earlier we believe in high activities in transactions during Q4, says Jens Engwall, CEO of Kungsleden, commenting on the transactions. 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 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/2002/11/25/20021125BIT00710/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/25/20021125BIT00710/wkr0002.pdf http://www.waymaker.net/bitonline/2002/11/25/20021125BIT00710/wkr0003.xls