Kungsleden sells two properties for approx. SEK 75 m Listed Swedish property company Kungsleden AB (publ) is selling two properties for a total purchase price of SEK 75 m excluding transaction costs at a property yield of 6.5%. The sales price exceeds book value and acquisition cost by approximately SEK 4 m. This amount will be included in Kungsleden’s profit for calculating dividends for 2012. The properties are located in Linköping, south west of Stockholm, and leasable area amounts to approximately 7,100 sq.m. divided 50% retail, 41% care and 9% office and other accommodation. These properties are fully let to various tenants, the largest being northern European food provider ICA Sverige AB and Östergötland County Council. Completion was on 16 February 2012. “I feel satisfied with this transaction, which yielded a good profit. With the sale earlier in the week, these transactions demonstrate that the transaction market remains liquid with strong local players.” commented Kungsleden’s Chief Executive Thomas Erséus. [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
Kungsleden sells two properties for approx. SEK 75 m
| Source: Kungsleden AB