Kungsleden acquiring SEK 435m of property

Kungsleden acquiring SEK 435m of property

Press Release 20 December 2010

Listed Swedish property company Kungsleden AB (publ) is acquiring six
commercial properties for a total purchase price of SEK 435m at a
property yield of approx. 7.1 percent.

The properties consist of office, retail and warehouse and the gross
leasable area amounts to approximately 34 000 sqm. They are of a very
high standard, and for their businesses, in prime sites in Malmö. The
total rental value is about SEK 34m.

Completion is scheduled to 2011, three of the properties 11 January,

two of the properties 1 April and one property 1 July.

 “These properties are contemporary and flexible, as well as being in
good locations in a strong region. The tenant structure is favourable
with an average contract term of 5,3 years, ensuring good and stable
returns over time,” Commented Kungsleden's Chief Executive Thomas
Erséus.

 

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 20 December 2010 at 08:30 a.m

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