Kungsleden divests six properties for SEK 809 m

Kungsleden divests six properties for SEK 809 m

Press Release 24 November 2010

Swedish property company Kungsleden AB (publ) is selling six commercial
properties for a total purchase price of SEK 809 m. The sales price
exceeds book value by approx. SEK 23 m and is consistent with
acquisition cost.

The properties are located in Ludvika, north west of Stockholm, and are
essentially let to ABB. Gross leasable area is approximately 190,000
sq.m. and total rental value is about SEK 87 m.

The buyer of these properties is ABB Fastighet AB. Kungsleden completed
the divestment on 23 November 2010.

 

“Because Kungsleden's property portfolio in a location like Ludvika is
already sizeable, we have opted to let ABB acquire the properties to
develop this portfolio itself. After the divestment, ABB remains a
significant tenant for Kungsleden”, commented Kungsleden's Chief
Executive Thomas Erséus.

 

Kungsleden AB (publ) 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 24 November 2010 at 08:00 a.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone 46 8 503 052 04 | mobile 46 70 378
20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 8 503 052 06 | mobile 46
70 690 65 65