Hemsö purchases property for SEK 180 m
Listed Swedish property company Kungsleden AB (publ) is purchasing a public property for a total purchase price of approximately SEK 180 m including transaction costs through Hemsö, which is 50:50 owned by Kungsleden and AP3 (the Swedish Third Pension Insurance Fund). The initial property yield is 6.4%.The property is located in the Norra Hamnen waterfront area of Swedish resort town Lysekil and has leasable area of approximately 9,000 sq.m. The property is a high school under construction with the municipality of Lysekil as the future tenant in a 20-year agreement. Total rental value is