Kungsleden acquires public properties
Listed Swedish property company Kungsleden AB (publ) is acquiring properties in the southern Swedish localities of Storfors, Skara, Munkedal and Hässleholm through four separate transactions.
The total lettable floor-space is about 14,100 sq.m. the total rental value amounts to SEK 12.7 m of which about 80% is derived from the public sector. The average contract term is nine years.
The total investment cost is SEK 114 m and the estimated property yield is 7.8%.