Kungsleden acquires two properties for SEK 263 m

Kungsleden acquires two properties for SEK 263 m

Press Release 3 June 2010

Through Hemsö, a joint venture with AP3 (the Swedish Third Pension
Insurance Fund), listed Swedish property company Kungsleden AB (publ) is
acquiring two public properties in Lund, southern Sweden, for a total
purchase price of SEK 263 m. The total rental value is approximately SEK
24,260,000.

The properties are located in Lund, and are three buildings with gross
leasable area of about 20,000 sq.m. The largest building has leasable
area of around 13,000 sq.m., and most of it is let to the University of
Lund on a seven-year agreement. The second building has leasable area of
some 3,750 sq.m., and is fully let to a Montessori school on a contract
that expires in 2022. The third building has leasable area of approx.
3,250 m², and is let to the University of Lund on a nine-year agreement.

Completion is scheduled for 1 July 2010.

“These are public properties that, with their long agreements and stable
returns, suit our portfolio well. In terms of usage, these premises are
also fairly flexible,” commented Kungsleden's Chief Executive Thomas
Erséus.

 

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone +46 8 503 052 04 | mobile +46 70
378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone +46 8 503 052 06 | mobile
+46 70 690 65 65