Press releaseDecember 30 2004

Kungsleden acquires

The property company Kungsleden AB (publ) has acquired by company the retirement home properties Norrköping Konstantinopel 6 and Göteborg Näset 130:1 from Skandrenting AB and the retirement home property Arlöv 11:294 from Erik Thun AB. The acquisition price amounts to SEK 228 m including acquisition costs and the yield based on the sales price is 7,9 %.

The lettable floor-space of the properties amounts to 15 500 sq.m generating rental revenues of SEK 23,1 m including interest subsidies. The municipality generates 64 % of the rental revenues and the average contract term is 10 years.

Commenting, Kungsleden’s Chief Executive Jens Engwall said: “An acquisition of three modern retirement homes with long leases that fits well into this segment of our property portfolio.”

For further information, please contact:
Johan Risberg, Kungsleden’s CFO, phone: +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Göran Linder, Business Area Manager, Housing for the Elderly
Tel: +46 (0)8-503 052 07, Mobile: +46 (0)70-690 65 75

Press contact

Anna Trane


Tel: 08-503 052 20
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