Kungsleden sells 71 retail properties
The property company Kungsleden AB (publ) sells 71 retail properties for a total of MSEK 1721. The properties, located from Ystad in the south to Haparanda in the north, has a lettable area of approximately 185 000 sq.m of which about 157 000 sq.m are retail areas, with a rental value of MSEK 162. The purchaser is Boultbee Holding.
The properties which mainly were acquired during 2005 have tenants like ICA, Axfood and ONOFF.
The sales price exceeds the book value with MSEK 7, the external value with MSEK 240, and the purchase value with MSEK 205. The yield based on the sales price is calculated at approximately 6,5 percent.
Possession preliminary changes hands on 31 March 2006.