Listed Swedish property company Kungsleden AB (publ) is selling the residential property included in its November 2006 acquisition from Stendörren/Broadgate.

This property portfolio is being divested for SEK 481.5 m, which corresponds to acquisition value and book value, and accordingly, does not generate any profit effect for Kungsleden.

The properties are located in the Municipalities of Botkyrka and Nynäshamn, close to Stockholm, and have lettable floor-space of just over 53,000 sq.m.

The acquirer is Din Bostad AB (publ), which takes possession on 21 December 2006.


For more information, please contact:
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378 2024
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Lars Thagesson, Deputy Chief Executive, tel +46 (0)8 503 05230, mobile +46 (0)70 592 9470