Kungsleden – signs a SEK 3.6bn property acquisition agreement
Press Release 20 December 2010Listed Swedish property company Kungsleden AB (publ) has signed a letter of intent to acquire the majority of the properties held by NR Nordic & Russia Properties Ltd. The transaction has an underlying gross property value of approximately SEK 4.4bn, of which approximately SEK 840m relates to the four properties held by Nordic & Russia Properties Ltd in Russia. The Russian properties will be acquired by Mr. Thomas Lindeborg through a fully secured back-to-back agreement. Linked to this back-to-back agreement, Kungsleden will make available a five-year EUR