Kungsleden completes SEK 279 m sale
On 12 September, listed Swedish property company Kungsleden AB (publ) reported a sale of two commercial properties for a total purchase price of SEK 279 m. This transaction was subject to approval by the City of Stockholm’s municipal council. The transaction is now unconditional, and accordingly, may be completed.The property yield is 6.4% and the sales price is consistent with book value and acquisition cost. These properties are on the outskirts of Slakthusområdet wholesaling estate in Johanneshov, south of Stockholm. Leaseable area is approximately 25,000 sq.m., split 55% warehousing