Kungsleden—SEK 520 m property acquisition
Press Release 26 November 2010Listed Swedish property company Kungsleden AB (publ) is acquiring six retail properties for a total purchase price of approx. SEK 520 m. The property yield is about 8% and total rental value is just over SEK 69 m. Gross leasable area is around 48,500 sq.m. divided between five shopping centres in Eskilstuna, Katrineholm, Uddevalla, Stockholm and Köping, and one outdoor retail property with an adjacent undeveloped plot in Nyköping. The vacancy rate in the portfolio is low, corresponding to about 3%. The ten largest tenants are Coop Fastigheter AB, Lindex,