Press releaseDecember 06 2004

Kungsleden sells and changes forecast

The property company Kungsleden AB (publ) has, in separate transactions, sold properties for an amount of MSEK 166 with a profit of MSEK 12. The yield based on the sales price amounts to approximately 5,4 percent.

The company also changes its forecast for the year 2004 from profit before taxes at least MSEK 500 to a profit before taxes of MSEK 530.

“The transactions is another step in lowering the risk in the property portfolio” says Jens Engwall, CEO of Kungsleden, commenting the transaction.

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Anna Trane

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