Kungsleden: SEK 98 m of property acquisitions
Listed Swedish property company Kungsleden AB (publ) is acquiring 2 properties from Swedish toy and baby product company Brio AB for a purchase price of SEK 98 m including transaction costs.
The acquired properties are located in Osby, southern Sweden. They have total lettable floor-space of approximately 36,000 sq.m., primarily consisting of warehouse premises. The properties will be fully let by Brio AB with a contract term of 10 years. Total rental value is just over SEK 11 m and the estimated property yield is about 9,5%.
Kungsleden takes possession February 1, 2007.
These are properties that fit well into our property portfolio with high and stable yields and long-term contracts, commented Kungsleden’s Chief Executive Thomas Erséus.
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