Hemsö purchases six properties for SEK 396 m Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is purchasing six properties for a total purchase price of SEK 396 m excluding transaction costs. The property yield amounts to approximately 6.7%. This property portfolio consists of a retirement home and three schools in the northern Swedish city of Umeå, one school in Eskilstuna, west of Stockholm, and a police station in Eksjö, south west of Stockholm. The tenants are the Municipality of Umeå, the International English School and Jönköping Police Authority. Total rental value amounts to about SEK 34 m. Completion is scheduled for 30 March 2012. “These properties fit well into Hemsö’s portfolio with long leases averaging ten years of remaining contract term, which ensures stable, long-term returns,” commented Kungsleden’s Chief Executive Thomas Erséus. [image] [image] [image] For more information, please contact: Thomas Erséus, CEO Kungsleden | phone +46 (0)8 503 052 04 | mobile +46 (0)70 378 20 24 Johan Risberg, Deputy CEO Kungsleden | phone +46 (0)8 503 052 06 | mobile +46 (0)70 690 65 65 www.kungsleden.se
Hemsö purchases six properties for SEK 396 m
| Source: Kungsleden AB