Kungsleden sells residential properties
The property company Kungsleden AB (publ) sells a property portfolio of 31 residential properties for a total of MSEK 515. The properties, situated in the central and northern parts of Sweden, have a lettable area of approximately 92 000 sg.m of which about 70 % represents residential areas. The rental value amounts to MSEK 77. The purchaser is Eiendomsvaekst.
The sales price exceeds the book value with MSEK 21 and the purchase value with MSEK 20. The later is included in the dividend based result for 2006.
Possession preliminary changes hands on 15 April 2006.