Kungsleden sells logistics property
Listed Swedish property company Kungsleden AB (publ) is selling a logistics property for a price of approximately SEK 152 m. This property is located in Taastrup, outside Copenhagen. The property yield estimated on the sales prices about 6%. The sales price is SEK 5 m above book value and acquisition value.
The property has lettable floor-space of 12,000 sq m, divided between warehousing and offices.
“This property in Denmark was part of a previous acquisition in June; our objective was to sell it on. I’m pleased this has now happened, and moreover, with a satisfactory profit,” 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
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 21 December 2007 at 10:00 a.m. CET.