Press releaseOctober 31 2002

Kungsleden acquires 10 and sells one

The property company Kungsleden AB (publ) has through Hemsö Äldreboende AB, a joint venture with Catella, acquired 10 properties in Malmö.

The properties are used for elderly living and contains 13 tsqm with a rental income of SEK 17,5 million. The average length of rental contracts is 8 years and 88 % of rental income comes from the municipality of Malmö. The purchase price is SEK 192 million with an initial yield of 8 %.

Kungsleden has also sold the property Stockholm Stenskärven 8 located in Vinsta. The property, which contains 9.700 sqm of offices, was sold for SEK 35 million which generated a loss of SEK 5 million.

- The presented deals is another step in our ambition to strengthen the yield while lowering the risk in the property portfolio, says Jens Engwall, CEO of Kungsleden, commenting on the transactions.

For more information, please contact:
Jens Engwall, Kungsleden’s Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550
Johan Risberg, Kungsleden’s COO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565

Press contact

Anna Trane


Tel: 08-503 052 20
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