STOCKHOLM, Sweden, Nov. 25, 2002 (PRIMEZONE) -- The property company Kungsleden AB (publ) (Other OTC:KGSDF) (Stockholm:KLED) has sold the properties Helsinborg Kolonien 27 and Kolonien 28.
The sales price amounts to SEK 97.5 million with a profit of SEK 10 million. The divestments are made on a property yield of 7,7%.
"As we said earlier we believe in high activities in transactions during Q4," said Jens Engwall, CEO of Kungsleden, commenting on the transactions.
For more information, please contact:
Jens Engwall, Kungsleden's Chief Executive tel: +46 (0)8 503 05204 mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's COO tel: +46 (0)8 503 05206 mobile +46 (0)70 690 6565
Kungsleden's strategy is to assure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 415 properties with a book value of approximately SEK 9.5 bn. The holding is located in a total of 122 municipalities, although concentrated on the Swedish provinces of Gotaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since April 14, 1999.
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