STOCKHOLM, Sweden, July 3, 2003 (PRIMEZONE) -- The property consists of 76 apartments for elderly living and is let to Riksbyggen Serviceboende AB and the municipality of Gothenburg. The property has an area of 6.350 sqm and a rental income of 5 MSEK per year.
The purchase price is 40,2 MSEK including transaction costs.
"A purchase with high return relative to the low risk, which is in line with our earlier stated ambitions in the sector of houses for elderly living" said Jens Engwall, CEO of Kungsleden, commenting on the transaction.
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 CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 420 properties with a book value of approximately SEK 10.3 bn. The holding is located in a total of 119 municipalities, although concentrated on the Swedish provinces of Gotaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999.
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