Kungsleden sells two centrally located properties in Gothenburg
ET | Source:Kungsleden AB
Listed Swedish property company Kungsleden AB (publ) is continuing to focus and
optimise its property portfolio consistent with its strategy, and is selling the
properties Inom Vallgraven 20:8 and Inom Vallgraven 16:21 for a total purchase
price of SEK 157 m. These sales will generate an estimated profit of just over
SEK 40 m. The purchaser of Vallgraven 20:8 is the Bräutigam family, and property
company Fastighets AB Balder is purchasing Inom Vallgraven 16:21.
The property Inom Vallgraven 20:8 is located at Östra Hamngatan 37, just across
the street from flagship department store NK and has leasable area of 1,100
sq.m. This property is being sold for SEK 51 m. The Bräutigam family previously
held this property between 1891 and 1921.
The property Inom Vallgraven 16:21 is located at the junction of Hamngatan and
Drottninggatan, and has leasable area of 2,980 sq.m. This property is being sold
for SEK 106 m.
“Interest in these properties has been very high, and we’re satisfied to have
executed these sales as planned to good, long-term owners. The sale frees up
capital that can be re-invested in strategic properties,” commented Kungsleden’s
Transaction Manager Ylva Sarby Westman.
[image]Inom Vallgraven 20:8
[image]Inom Vallgraven 16:21
For more information, please contact:
Ylva Sarby Westman, Transaction Manager of Kungsleden | +46 (0)8 503 052 27 |
Biljana Pehrsson, Chief Executive of Kungsleden | +46 (0)8 503 052 04 |
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 22 May 2014 at 3:00 p.m.
Kungsleden’s business concept is to own, manage and improve commercial
properties in growth regions in Sweden and to deliver attractive total returns.
Kungsleden’s strategies to create value are based on meeting the premises
requirements of customers by managing, improving and developing properties and
planning consents and by optimising the company’s property portfolio. Kungsleden
has been quoted on NASDAQ OMX Stockholm since 1999.
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