Kungsleden completes SEK 279 m sale

Kungsleden completes SEK 279 m sale

On 12 September, listed Swedish property company Kungsleden AB (publ)
reported a sale of two commercial properties for a total purchase price
of SEK 279 m. This transaction was subject to approval by the City of
Stockholm’s municipal council. The transaction is now unconditional, and
accordingly, may be completed.

The property yield is 6.4% and the sales price is consistent with book
value and acquisition cost.

These properties are on the outskirts of Slakthusområdet wholesaling
estate in Johanneshov, south of Stockholm. Leaseable area is
approximately 25,000 sq.m., split 55% warehousing and 45% processing
area, offices, staff accommodation and a restaurant. 95% of warehousing
volumes consist of freezer storage.

The buyer is St Erik Markutveckling, a wholly owned subsidiary of the
City of Stockholm.

Completion is on 29 November 2011.

“It feels good for us to be able to complete this transaction with a
satisfactory profit,” 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

www.kungsleden.se (http://www.kungsleden.se)