The property company Kungsleden AB (publ) has aquired 25 properties located in the central parts of Karlstad from Tornet.
The acquisition price amounts to SEK 1 049 m and the yield based on the sales price is 7,75 percent. The lettable floor-space of the properties amounts to 108 000 sq.m, consisting mainly of offices and retail, and has a rental value of about SEK 125 m.
Commenting, Kungsleden Chief Executive Jens Engwall said: “We are very pleased that we in the current market situation are able to aquire this portfolio that fits well into our vision of stability in yields as well as a portfolio of highly liquid properties that holds future business opportunities.”
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
This press release is available in Swedish at www.kungsleden.se
Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden’s property holding comprises 371 properties with a book value of approximately SEK 12,5 bn. The holding is located in a total of 91 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999.