Hemsö purchases a public property for SEK 45 m Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is acquiring a public property for a total purchase price of SEK 45,5 m excluding transaction costs. The initial property yield amounts to 6.2%. This property, let to the Municipality of Botkyrka on a 20-year lease, is located close to the former Tullinge airforce base, south west of Stockholm, an area of forward-looking investment where housing, schools and pre-schools are currently under construction. During 2011, the property is undergoing conversion and extension into a new pre-school. Completion is scheduled for 1 November 2011. [image] 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 www.kungsleden.se (http://www.kungsleden.se)
Hemsö purchases a public property for SEK 45 m
| Source: Kungsleden AB
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