Kungsleden Sells and make one acquisitions

 

In early October two properties in Malmö, Vildanden 7 and 8, has been sold for a total price of SEK 59 million with a profit of SEK 8 million.

The yield is 9% on sales price.

The transaction will be booked in the fourth quarter.

Kungsleden have also acquired a property in Hässleholm, Mården 7, for a total price of SEK 50 million. The property is an office- and retailproperty with an area of approximately 6.000 sqm and rental income of SEK 7,7 million.

The initial yield is 11%.

For further information, contact:

Jens Engwall, Kungsleden’s Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550

Johan Risberg, Kungsleden’s CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565

 

 

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.

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