Press releaseSeptember 03 2007

Kungsleden consolidates position in modular properties

Through its subsidiary Temporent, Swedish listed property company Kungsleden AB (publ), is acquiring Hyrab Moduluthyrning AB for SEK 35 m. Hyrab’s modules have lettable floor-space of approximately 14,000 sq.m. with an annual rent of SEK 15 m.

Hyrab will be integrated with modular lettings business Temporent within Nordic Modular Group, which Kungsleden acquired in January. This deal implies no changes to staffing.

“Hyrab is a very well-managed company with a good reputation on the market. Temporent’s positioning in western Sweden will be advanced with Hyrab’s modular lettings,” commented Per Johansson, Chief Executive of Nordic Modular Group, “we will ensure a maintained service level for our customers by continuing to collaborate with the seller, Hyraktiebolaget Broderna Andréasson.”

Kungsleden takes possession with immediate effect.

Press contact

Anna Trane

Head of communications

Tel: 08-503 052 20
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