Kungsleden sells 50% stake in Hemsö, signs agreement on property purchase, upgrades estimate
Listed Swedish property company Kungsleden AB (publ) is selling its 50% stake in Swedish community services property company Hemsö Fastighets AB to AP3 (the Swedish Third Pension Insurance Fund) and receiving repayment of its shareholders’ loan for total proceeds of SEK 3,320 m. The price of the shares is SEK 1,820 m and repayment of the shareholders’ loan is SEK 1,500 m. Simultaneously, Kungsleden is signing an agreement to purchase 15 properties from Hemsö for a total purchase price of approximately SEK 1,600 m at a property yield of 7.0%. Sale of shareholding The price of