Press Releases

Kungsleden acquires 21 properties

Listed Swedish property company Kungsleden AB (publ) is acquiring 21 properties from Swedish engineering and power company Elajo Invest AB for a purchase price of SEK 175 m including transaction costs.

The acquired properties are located in central and southern Sweden. They have total lettable floor-space of approximately 31,000 sq.m., primarily consisting of office, warehouse and engineering premises. The properties are fully let with a contract term of 12 years. Total rental value is just over SEK 14 m and the estimated property yield is about 7.5%.

Kungsleden takes possession on 19 December 2007.

For more information, please contact:
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378 2024
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Lars Thagesson, Deputy Chief Executive, tel +46 (0)8 503 05230, mobile + 46 (0)70 592 9470

Kungsleden discloses the information in this press release according to the Swedish Securities Markets Act/and or the Swedish Financial Trading Act. The information was provided for public release on 10 December 2007 at 09:00 a.m.