Press releaseOctober 24 2005

Kungsleden acquires

The property company Kungsleden AB (publ) acquires 11 properties from ONOFF. The purchase price amounts to MSEK 275 and the yield based on the purchase price is calculated at 7,0 %.

The properties consists of 27 000 sq.m of lettable area with a rental value of MSEK 25.

In connection with the transaction ONOFF signs lease contracts on 29 % of the lettable area with an average lease length of 10 years.

Kungsleden’s Chief Executive Jens Engwall said: “We are very pleased to complete yet another deal with a strong player on the retail market that more than well complements our previous acquisitions that we have made this year”.

For more information, please contact:
Jens Engwall, CEO, phone +46 (0)8 503 052 04, mobile +46 (0) 70 690 65 50
Johan Risberg, CFO, phone +46 (0)8 503 052 06, mobile +46 (0) 70 690 65 65



This press release is available in Swedish at www.kungsleden.se

Press contact

Anna Trane

Kommunikationschef

Tel: 08-503 052 20
E-mail me