Kungsleden purchases property for SEK 132 m

Kungsleden purchases property for SEK 132 m

Listed Swedish property company Kungsleden AB (publ) is purchasing a
commercial property for a price of SEK 132 m excluding transaction
costs, which is an acquisition price of approximately SEK 140 m
including transaction costs. The initial property yield is 7.7%.

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This property is located in Växjö, southern Sweden, and has gross
leasable area of about 15,000 sq.m. The rental value is around SEK 18 m.
Its two largest tenants are Växjö Fria Gymnasium senior high school and
civil engineering firm Svevia AB, which represent just over half of
rental value.

Completion is scheduled for 1 November 2011.

“I'm pleased that we participated in and made the winning bid on one of
the largest properties in the first day of the Kefren portfolio auction.
It was exciting that so many bidders took part in the auction, which I
view as a sign of strength. Växjö is an expansive location and this
property, with its stable tenants, fits our portfolio well,” 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