Press Release 22 December 2010
In the past few days, listed Swedish property company Kungsleden AB (publ) has received its first accreditation from the EU GreenBuilding programme. This property is in Sollentuna, near Stockholm, and is mostly let to the Swedish Social Insurance Administration.
Approval for accreditation requires reducing energy consumption by at least 25%. Kungsleden’s energy-saving measures have resulted in energy consumption in the property reducing by 29%.
Kungsleden’s environmental work has also been recognised by mutual fund corporation SwedbankRobur, who after an evaluation process for the year, announced that Kungsleden’s shares had been approved for all its sustainability funds. The citation read as follows:
Kungsleden’s sustainability work has progressed very positively since our previous research (2007), in terms of strategy and operational work, and these matters appear to be well supported by management. In addition, the company has implemented concrete energy-saving measures with good results, and also offers its tenants green letting agreements with mutual incentives for energy saving.
“It really feels great to have external observers recognise our environmental work,” commented” Maria Sandell, Kungsleden’s Environmental Manager.
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 22 December 2010 at 8:00 a.m.Regulatory
For more information, please contact:
Maria Sandell, Environmental Manager, Kungsleden | tel +46 (0)8 503 05233 | mobile +46 (0)70 690 6517
Thomas Erséus, Chief Executive, Kungsleden | tel +46 (0)8 503 05204| mobile +46 (0)70 378 2024
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se
Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 30 September 2010, the property portfolio comprised 559 properties with a book value of SEK 21.8 bn. The holding was located in a total of 130 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand, and the Öresund region. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.