Kungsleden makes SEK 1.7 bn of acquisitions
Press Release 9 November 2006
Listed Swedish property company Kungsleden AB (publ) is acquiring 24 properties and six site leaseholds for SEK 1.7 bn. The estimated property yield is 6.3%. The properties are located in central and southern Sweden, and have total lettable floor-space of approximately 190,000 sq.m. with rental value of about SEK 172 m. The portfolio consists of 51% commercial premises, 21% supermarkets operated by northern European foods provider ICA and 28% residential property.
Kungsleden is scheduled to take possession on 1 December 2006.