Kungsleden acquires 25 properties
Press Release 6 December 2006
Listed Swedish property company Kungsleden AB (publ) is acquiring 25 properties for approximately SEK 657 m in three separate transactions.
These properties have lettable floor-space of about 122,600 sq.m., with an estimated property yield of 6.8%. The majority of the properties are located in southern and central Sweden, and comprise 36% retail, 58% industrial/warehouse and 6% office premises. The largest tenants are Swedish nationwide building supplies retailer ByggMax and global transport and freight corporation DHL. The average rental contract term is 7.7 years; the property portfolio has a rental value of just over SEK 55 m.