Kungsleden's property portfolio constitutes of commercial premises in Greater Stockholm, Greater Gothenburg, southwestern Sweden and the Mälar Valley within the categories Office, Industry/Warehouse and Retail.
Since we implemented a new strategy in 2013 we have worked to refine and optimize our property portfolio to our chosen growth markets and categories. For example, we have lowered our municipality presence from over 140 to approximately 20 today. Also, we have raised the quality level of our properties which is partly reflected in the increased portfolio value.
We have already achieved most of our refinement efforts set out in 2013, with focus now shifting to expansion of the portfolio based on the new strategy. Going forward our clusters will play an important role. By gathering our properties in clusters we can achieve a more efficient management process and present a more attractive customer offering. Today, approximately 70 per cent of value is in one of our twelve clusters.
Learn more about our cluster strategy and Kungsleden's clusters here.
As of June 30, 2020 we owned 210 properties (including property development and investment projects) to a book value of SEK 39 387 million. Approximately 90 per cent of our operations are concentrated on its four priority growth markets of Stockholm, Gothenburg, Malmö and Västerås.