Vasakronan and Kungsleden exchange properties

Vasakronan and Kungsleden exchange properties Vasakronan is selling 27 properties in 27 communities to Kungsleden for SEK 274 million. These properties were included in Vasakronan's acquisition from SEB on June 30, 1998. Concurrently, Vasakronan is acquiring three properties in Gävle and Jönköping from Kungsleden for SEK 136 million. On June 30, 1998, Vasakronan acquired 44 properties from Skandinaviska Enskilda Banken (SEB) for SEK 4,247 million, of which 28 properties were located outside Vasakronan's 15 selected communities. One property was sold previously to JM and the remaining 27 properties are now being sold to Kungsleden for SEK 274 million. The properties have total floor space of 2 2 47,500 m , of which slightly more than 16,000 m is residential. SEB is the largest tenant. The property portfolio is well distributed throughout southern and central Sweden. Most of the buildings are very centrally located, often adjacent to main squares or streets. A property listing is attached. Vasakronan's ambition is to expand in Stockholm, Malmö, Göteborg and 12 other selected communities. As a result of the previous exchange deal with JM, Vasakronan expanded its holdings in Lund. Two properties in Gävle and one in Jönköping are now being acquired from Kungsleden for SEK 136 million. Previously, Kungsleden had acquired these properties, with floor space 2 totalling 22,900 m from FöreningsSparbanken, which is the largest tenant. The properties are centrally located in Gävle and Jönköping. "As a result of this transaction, Vasakronan has streamlined its property holdings after the deal with SEB," comments Håkan Bryngelson, President of Vasakronan. "At the same time, we have gained attractive properties in Gävle and Jönköping in exchange. The transactions with Kungsleden involved transfers and cash payment." "As a consequence of this transaction, Kungsleden gains an attractive portfolio of prime bank properties in central locations," comments Jens Engwall, President of Kungsleden. further information, contact: Jens Engwall, President of Kungsleden +46 8 701 59 60 Håkan Bryngelson, President of Vasakronan +46 8 783 21 05 Christer Alvemur, Stockholm Region Manager, Vasakronan +46 8 783 23 05 Bengt Möller, Senior VP Corporate Communications, Vasakronan +46 8 783 21 09 Kungsleden's purchases from Vasakronan Tornet 13 Danderyd Växlaren 4 Eskilstuna Staven 1 Solna Luna 4 Södertälje Degeln 6 Flen Sörmlandsbanken 10 Nyköping Harneskmakaren 3 och 10 Arboga Pomona 9 Borås Tummarp 1:66 Dalsjöfors Gästgivaren 8 Falköping Fritsla 3:53 Mark Släggan 5 Huskvarna Översten 3 Kungsör Fjolner 5 Köping Merkurius 3 Nora Diana 8 Trollhätta n Sutaren Mindre 6 Vellinge Arlöv 21:44 Arlöv Falken 7,8 Sölvesborg Bankmannen 6 Eslöv Västa Roten 8 Landskrona Brovakten 4 & 7 Halmstad Kungsör 4 Karlshamn Magistraten 5 Karlskrona Banken 1 Västervik Apollo 6 Nybro Vasakronan acquires from Kungsleden Norr 13:4 Gävle Norr 15:7 Gävle Ansvaret 1 Jönköping