Hemsö purchases property for SEK 180 m

Hemsö purchases property for SEK 180 m

Listed Swedish property company Kungsleden AB (publ) is purchasing a
public property for a total purchase price of approximately SEK 180 m
including transaction costs through Hemsö, which is 50:50 owned by
Kungsleden and AP3 (the Swedish Third Pension Insurance Fund). The
initial property yield is 6.4%.

The property is located in the Norra Hamnen waterfront area of Swedish
resort town Lysekil and has leasable area of approximately 9,000 sq.m.
The property is a high school under construction with the municipality
of Lysekil as the future tenant in a 20-year agreement. Total rental
value is approximately SEK 13,300,000.

Completion is scheduled for February 2012.

“It's positive for Hemsö to expand our property holding in Lysekil where
we already enjoy successful collaborations. The property is a good fit
with existing holdings in terms of its risk-adjusted returns,” commented
Kungsleden's Chief Executive Thomas Erséus.

For more information, please contact:

Thomas Erséus, CEO Kungsleden | phone 46 (0)8 503 052 04 | mobile 46
(0)70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 (0)8 503 052 06 | mobile
46 (0)70 690 65 65