Kungsleden makes acquisitions

Swedish listed property corporation Kungsleden AB (publ) is acquiring 61 properties situated in the north of Sweden from Norrvidden Fastigheter AB. The purchase price amounts to SEK 610 m including transaction costs, at an estimated property yield of 9,0 %.

The property portfolio area consists of about 37 % industrial/warehouse, 26 % residential, 22 % offices, 11 % retail and 4 % other, where no single tenant holds a dominant position with regards to rental values. Total floor-space is about 107 000 sq.m. with rental values of SEK 102,6 m.

Kungsleden will take possession of the properties 30 September 2005.

Kungsleden’s Chief Executive Jens Engwall said: “The portfolio is a classic Kungsleden portfolio with many houses and a high level of liquidity that will lead to a number of interesting business opportunities”.



For further information, please contact:
Johan Risberg, Kungsleden’s CFO, phone: +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Lars Thagesson, Kungsleden’s C0O, phone: +46 (0)8 503 05230, mobile +46 (0)70 592 9470