Kungsleden divests properties for SEK 100 m

Kungsleden divests properties for SEK 100 m

Press Release
27 March 2009


Listed Swedish property company Kungsleden AB (publ) is divesting two properties
for a total purchase price of SEK 100 m excluding transaction costs. Gross
leasable area is 6,422 sq.m. and total rental value is approximately SEK 8.1 m.
The buyer is Norr-Bil Förvaltnings AB.

The sales price of these properties is consistent with book value and some SEK
28 m above historical cost. The latter amount will be posted to Kungsleden's
profit for calculating dividends for 2009.

The properties are located in Åkersberga, north of Stockholm, and consist of 5
residential blocks with 68 apartments for senior citizens and a care building
with 24 retirement home apartments.

Kungsleden will transfer possession on 1 July 2009.

Thomas Erséus, Kungsleden's Chief Executive, commented: “I'm satisfied with this
divestment, which we have done at a sales price consistent with book value and
above historical cost. The deal comprises several housing properties and
investing in housing properties is not in line with the core business of
Kungsleden,” 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 27 March 2009 at 1 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

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 2008, the property portfolio comprised 603 properties with a
book value of SEK 28.6 bn. The holding was located in a total of 132
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.