Kungsleden - positive net lettings, lets to Inspecta in Malmö

After the first two quarters of the year, listed Swedish property company
Kungsleden AB (publ) has achieved positive net lettings on its commercial
portfolio. In June, it signed an eight-year lease contract with Nordic
inspection and test provider Inspecta, which is leasing a complete building of
some 1,500 sq.m. in Malmö.
This building, previously let to a school, consists of an office section and a
combined warehouse and workshop section. The tenant is scheduled to move in on 1
January 2013.
Inspecta has 25 offices in Sweden, and with its services in inspection, testing,
certification, technical consultation and training, is the Nordic market leader.
Kungsleden’s lettings in Malmö are progressing stably. Economic occupancy for
the whole Öresund region has increased from 85.9% to 87.2% in a year.
“I’m pleased to see that we achieved positive net letting in our commercial
portfolio, indicating that Kungsleden’s lettings market remains stable and its
property management is positive. We’ve re-negotiated and signed new lease
contracts with annualised value of some SEK 40 m since year-end,” commented
Kungsleden’s Chief Executive Thomas Erséus.

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For more information, please contact:

Thomas Erséus, CEO Kungsleden | phone +46 (0)8 503 052 04 | mobile +46 (0)70 378
20 24

www.kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på
www.kungsleden.se/pressmeddelanden

Kungsleden AB (publ) discloses the information in this press release according
to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act.
The information was provided for public release on 4 July 2012 at 08:00 a.m.

Kungsleden’s strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 31 March 2012, the property portfolio comprised 317 properties with a book
value of SEK 15.5 bn. The portfolio was located in a total of 100
municipalities, mainly in southern and central Sweden. Kungsleden has been
quoted on the Nasdaq OMX Stockholm since 1999.