Kungsleden divests property for SEK 107 m
Press Release 22 December 2010Listed Swedish property company Kungsleden AB (publ) is selling a commercial property for a purchase price of SEK 107 m. The sales price exceeds book value by SEK 7 m and acquisition cost by SEK 27 m. This latter amount will be posted to Kungsleden’s profit for calculating dividends for 2010. This office property is located in Sollentuna, north of Stockholm, and has leasable area of about 7,200 sq.m. The Swedish Social Insurance Administration is the tenant on some 83% of the area. The remainder, a basement, is vacant. The acquirer is Hemfosa Fastigheter