Kungsleden acquires care properties

Kungsleden acquires care properties

Through Hemsö, its 50 percent joint venture with AP3 (the Swedish Third
Pension Insurance Fund), listed Swedish property company Kungsleden AB
(publ) is acquiring 29 care properties for a total purchase price of SEK
368 m including transaction costs. The property yield is 7.8%.

These properties are located in western Sweden and owned by the county
council of Västra Götaland (VGR) and have gross leasable area of 55,000
sq.m. Most of the properties are let by VGR and total rental value is
SEK 50.2 m.

Completion on the properties is scheduled for 1 February 2011.

“I'm pleased that VGR has entrusted us again through Hemsö to acquire
and manage care properties. This property portfolio provides us with
good and stable returns,” 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