Kungsleden makes SEK 557 m acquisition
Listed Swedish property company Kungsleden AB (publ) is acquiring 19 properties for
SEK 557 m in three separate transactions.
Seven properties are being acquired from Lantmännen for SEK 277 m at an estimated property yield of 7.3%. Kungsleden will take possession of these properties, with lettable floor-space of 33,200 sq.m have a rental value of SEK 31 m, in February.
Kungsleden is acquiring six properties in the southern Swedish city of Jönköping for a total of SEK 112 m at a property yield of 7.1%. These properties, with lettable floor-space of 12,800 sq.m., have a rental value of over SEK 9 m. Kungsleden takes possession in December and January.
Finally, Kungsleden has acquired six properties in the south-eastern city of Karlskrona for SEK 168 m at an estimated property yield of 8.2%. These properties, with nearly 14,000 sq.m. of lettable floor-space, have a rental value of SEK 19 m. Kungsleden takes possession in January.