Press releaseJanuary 23 2003

Kungsleden acquires house for elderly living

The property company Kungsleden AB (publ) has through Hemsö Äldreboende AB, a joint venture with Catella, acquired the property Jakobsberg 34:6 in Järfälla.

The property is used for elderly living and is let to the municipality on a 20 year lease period. The property is totally rebuilt and refurbished during 2002 and contains 7000 sqm of modern elderly living with a yearly income including interest subsidy, of MSEK 11,8.

The purchase price is MSEK 130.

The result of our efforts on the market for elderly living has been very positive. To be able to acquire another modern property for elderly living with a strong tenant on a long lease strengthens the low risk without lowering the yield goal that we have in our elderly living portfolio, says Jens Engwall, CEO of Kungsleden.
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 CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565

Press contact

Anna Trane

Head of communications

Tel: 08-503 052 20
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