Press releaseNovember 19 2004

Kungsleden acquires

The property company Kungsleden AB (publ) has acquired 10 properties from the Bröderna Edstrand Group for MSEK 204.

The portfolio consists of properties with a lettable area of 100.000 sqm with a rental value of MSEK 23. The yield based on the purchase price is calculated at 11 %.

In connection with this deal the Bröderna Edstrand Group signs rental contracts in the properties with a rental period up to 15 years. The Bröderna Edstrand Group also has a option to require extension of one property within 4 years at a estimated investment of MSEK 30 and a yield of 10%.

“I am very pleased to close this deal with the Bröderna Edstrand Group while we get properties that complement our existing portfolio together with a good tenant” says Jens Engwall, CEO of Kungsleden, commenting the transaction.

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

Press contact

Anna Trane


Tel: 08-503 052 20
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