Kungsleden acquires three industrial and warehouse properties

Swedish listed property company Kungsleden AB (publ) is acquiring three properties in Gavle, Motala and Osteraker through three separate transactions for a total purchase price of SEK 144 m.

The total lettable floor-space is just over 28,000 sq.m. while the total rental value amounts to nearly SEK 14 m. The main tenants are TermoRegulator and ByggMax. The estimated property yield is 7.5% on average for the three properties.

Kungsleden is scheduled to take possession of the properties in the fall.