Kungsleden makes SEK 955 m public property acquisition

Kungsleden makes SEK 955 m public property acquisition 

Listed Swedish property company Kungsleden AB (publ) is acquiring and taking
possession of six public properties in Norrkoping and Nykoping near Stockholm
from GE Real Estate Norden for a purchase price of SEK 955 m including
transaction costs.

These properties have total lettable floor-space of approximately 89,300 sq.m.,
mainly consisting of offices and school premises. The biggest tenants are the
Police Authority, the Swedish National Courts Administration, the Swedish Civil
Aviation Administration, the Swedish Meteorological and Hydrological Institute,
the Swedish Prison and Probation Service and Sodermanland County Council. Total
rental value is just over SEK 94.6 m, and the estimated property yield is 6.8%.
The average remaining duration of rental contracts is about six years.

“The tenants, mainly central government bodies and authorities, combined with
these well-located, good properties make this portfolio very attractive,”
commented Kungsleden's Chief Executive Thomas Erséus.




Kungsleden discloses the information in this press release according to the
Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The
information was provided for public release on 28 March 2008 at 2 p.m.


For more information, please contact:
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378
2024
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70
690 6565
Göran Linder, Divisional Manager, Public Properties, tel +46 (0)8 503 05207,
mobile +46 (0)70 690 6575

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se 

Kungsleden's strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 31 December 2007, the property portfolio comprised 575 properties with a
book value of SEK 25.7 bn. The holding was located in a total of 134
municipalities, although concentrated on the Swedish provinces of Götaland and
Svealand, and the Öresund region. Kungsleden has been quoted on the OMX Nordic
Exchange Stockholm since 1999.