Press releaseFebruary 16 2005

Kungsleden sells

The property company Kungsleden AB (publ) has in three separate deals sold the following properties:

The property Malmö Söderport 7 has been sold for MSEK 44. The property is centrally located at Gustav Adolfs torg and has a lettable area of 2 000 sq m. The property consists mainly of shops and offices.

The property Karlshamn Strömma 1 has been sold for MSEK 37,5. The property has a lettable area of 17 000 sq m of which 70 percent consists of industry/warehouse and the remaining part of offices.

The property Trelleborg Herkules 34 has been sold for MSEK 36. The property consists of 4 000 sq m lettable area, mainly offices.

The above mentioned properties sales price amounts to MSEK 117,5 and the yield based on the sales price is calculated to 5,75 %.

The sales price exceeds the book value as per 31 December 2004 with MSEK 21,5.

The sales price also exceeds the valuation which is the base for the new book value as per January 1, 2005 in accordance with the new accounting rules with MSEK 14,5. This amount will be recorded as a trading profit during the first quarter 2005.

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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