Press releaseJune 05 2003

Kungsleden acquires house for elderly living !

The property company Kungsleden AB (publ) has acquired the property Diademet 3 in Norrköping.

The property is rented by the municipality of Norrköping and contains 66 apartments used for elderly living. The business will even in the future be operated by A&O Ansvar och Omsorg AB. The property contains 3 600 sqm with a rental income of MSEK 3,7.

The purchase price is MSEK 34,3 including transactions costs.

- The result of our efforts on the market for elderly living has been very positive. In the near future we expect further acquisition opportunities from both the private and the public sector. It is interesting that also a number of municipalities are considering selling some of their owned houses for elderly living, comment the CEO of Kungsleden, Jens Engwall.

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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