Kungsleden sells five properties for SEK 215 m
Listed Swedish property company Kungsleden AB (publ) is selling five commercial properties for a total purchase price of SEK 215 m. The sales price is in line with book value and exceeds acquisition cost by approximately SEK 45 m. This latter amount is included in Kungsleden’s profit for calculating dividends for 2011.These properties are located in Norra Botkyrka, near the Slagsta Strand retail mall, south of Stockholm, and have gross leasable area of about 50,000 sq.m. The purchaser is Fastighets AB Botvid, which is 50:50 owned by Gelba Fastigheter AB and STRABAG Projektutveckling AB.