Kungsleden makes SEK 112 m property divestment
Press Release 16 December 2009
Listed Swedish property company Kungsleden AB (publ) is selling four commercial properties for a total purchase price of approximately SEK 112 m excluding transaction costs. The total sales price corresponds to book value and is about SEK 4 m below acquisition cost. This latter amount will be posted to Kungsleden’s profit for calculating dividends for 2009. Gross leasable area is 14,713 sq.m. Two of the properties are in Linköping, and one is in Vimmerby (both south of Stockholm). The fourth is located outside Oslo, Norway. Completion on the Linköping and Vimmerby properties is on 1 February 2010. Completion on the Oslo property is on 17 December 2009. “We are continuing to work on our portfolio composition, and the divestment of this property outside Oslo means we have no property holdings left in Norway,” commented Kungsleden’s Chief Executive Thomas Erséus. Kungsleden AB (publ) 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 16 December 2009 at 9:00 a.m.