STOCKHOLM, Sweden, Oct. 15, 2003 (PRIMEZONE) -- The property company Kungsleden AB (Other OTC:KGSDF) (publ) has sold three properties in Uddevalla and two properties in Trollhattan.
The sales price amounts to MSEK 83 generating a profit of MSEK 20 which will be shown in the figures for the fourth quarter.
Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 420 properties with a book value of approximately SEK 10.3 bn. The holding is located in a total of 119 municipalities, although concentrated on the Swedish provinces of Gotaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/10/15/20031015BIT00690/wkr0001.doc
http://www.waymaker.net/bitonline/2003/10/15/20031015BIT00690/wkr0002.pdf
http://www.waymaker.net/bitonline/2003/10/15/20031015BIT00690/wkr0003.xls