Kungsleden purchases property for SEK 148 m
Listed Swedish property company Kungsleden AB (publ) is purchasing a property for a total purchase price of approximately SEK 148 m including transaction costs. The property yield is about 7.4%.This property is in an enterprise estate in Kista, north of Stockholm, and has leasable area of about 7,300 sq.m. Total rental value is approximately SEK 15 m. The majority of this property, which consists of offices, will be let to Office Management on a ten-year rent agreement. Office Management is a full-range office equipment vendor. The remainder is let to operations consultant Plantvision AB