Kungsleden purchases property for SEK 52 m
Listed Swedish property company Kungsleden AB (publ) is purchasing a commercial property for SEK 52 m at a property yield of 11%.This property is located in Motala, south west of Stockholm, and has a leasable area of approximately 30,000 sq.m. Rental value is approximately SEK 6 m. The whole property is let to engineering firm AB Motala Verkstad on a 17-year lease. Motala Verkstad designs, processes and assembles mechanical systems. Completion is scheduled for 3 May 2011. “This is a really good and high-yielding property with a stable tenant,” commented Kungsleden’s Chief Executive