Listed Swedish property company Kungsleden AB (publ) has appointed Albrecht von Malortie to lead the company’s start-up in Germany.

Mr. von Malortie’s background is as a property consultant at Dresdner Bank’s real estate operation Dr. Lübke Immobilien and at Jones Lang LaSalle in Germany. Mr. von Malortie has been working for Skanska in Germany since 2000 as Marketing Manager and later as Managing Director of Skanska Project Development. Mr. von Malortie is 44 and was born in Germany, although brought up in Sweden.

“I’m glad that we managed to recruit Albrecht von Malortie. He speaks fluent Swedish and has a good knowledge of Swedish and German business culture, which will be important for the continued work with establishing our German business,” commented Kungsleden’s Chief Executive Thomas Erséus.

Kungsleden began its international initiatives in June last year with the acquisition of nine retirement home properties in Germany. In early 2007, further acquisitions of retirement homes were made south of Berlin. Kungsleden intends to continue its expansion in this segment, where it anticipates healthy growth opportunities on the German market through the coming years.

Mr. von Malortie will take up his new position with immediate effect.