Kungsleden sells a property for SEK 82 m
Listed Swedish property company Kungsleden AB (publ) is selling a commercial property for a total purchase price of approximately SEK 82 m. The property yield is 6.1%. The sales price exceeds book value by SEK 11 m and acquisition cost by SEK 10 m. This latter amount is included in Kungsleden’s profit for calculating dividends for 2011.This property is located in Umeå, north-eastern Sweden, and consists of four free-standing buildings. Leasable area is about x sq.m. The purchaser is Lumaf Förvaltning, held by the Lundgren brothers, Leif and Lennart. Completion will be on 21 December 2011.