Kungsleden in property swap deal with Peab
Listed Swedish property company Kungsleden AB (publ) and construction and civil engineering company Peab are joint 50% owners of Kokpunkten Fastighets AB. This company holds a development property in Västerås, west of Stockholm. Kungsleden is now selling its participation to Peab, and is purchasing three public properties from Peab which there after will be offered to Hemsö, which is 50:50 owned by Kungsleden and AP3 (the Swedish Third Pension Insurance Fund).These public properties, which are under construction, have gross leasable area of approximately 4,800 sq.m. and rental value of