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