Kungsleden sells five properties for SEK 20 m
Press Release 18 December 2008
Listed Swedish property company Kungsleden AB (publ) is selling five commercial properties in Landskrona, southern Sweden, for a purchase price of some SEK 20 m. Total rental value is approximately SEK 4 m. The buyer is privately owned southern Swedish property company Svenska Hus i Skåne AB.
The sales prices is consistent with book value and exceeds acquisition value by some SEK 7 m. This latter amount will be posted to Kungsleden’s profit for calculating dividends for 2008.
Kungsleden will relinquish possession on 31 January 2009.
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 18 December 2008 at 09.00 a.m.