Kungsleden optimising property portfolio, selling a property for SEK 16 m
| Source:Kungsleden AB
Listed Swedish property company Kungsleden AB (publ) is selling an industrial
property in Norrköping, south of Stockholm, for a purchase price of
approximately SEK 16 m. This sales price exceeds book value by SEK 0.7 M and
acquisition cost by SEK 3.4 m. This latter amount will be included in
Kungsleden’s profit for calculating dividends for 2012.
The property has leasable area of around 8,000 sq.m. and was built in the 1960s
for industrial company ASEA. The purchaser is Ivarsson Holding AB, a reputable
company in Norrköping that also intends to move into the premises.
Completion is scheduled for 8 January 2013.
“I’m really satisfied with this deal because we’re selling above book value. The
buyer is a local player better able to keep developing the property, and in this
sense, is a more optimal owner,” commented Kungsleden’s Chief Executive Thomas
For more information, please contact:
Thomas Erséus, Chief Executive of Kungsleden | tel +46 (0)8 503 05204 | mobile
+46 (0)70 378 2024
Anders Kvist, Deputy Chief Executive of Kungsleden | tel +46 (0)8 503 05211 |
mobile +46 (0)70-690 65 63
Detta pressmeddelande finns tillgängligt på svenska på
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 15 October 2012 at 1:00 p.m.
Kungsleden’s strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 30 June 2012, the property portfolio comprised 322 properties with a book
value of SEK 15.8 bn. The portfolio was located in a total of 101
municipalities, mainly in southern and central Sweden. Kungsleden has been
quoted on the Nasdaq OMX Stockholm since 1999.
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