Kungsleden acquires properties for SEK 42 m
Press Release 7 September 2010
Listed Swedish property company Kungsleden AB (publ) is acquiring two properties in southern Sweden for a total purchase price of approximately SEK 42 m. Total rental value is just over SEK 5 m.
These properties have gross leasable area of about 7,000 sq.m., 67% of which is warehousing. The tenant, SELGA Elgrossist, is letting all the area of both properties.
The First property is in the Fosie industrial estate in Malmö, and the second in the Västra industrial estate in Växjö, both very popular industrial estates. The SELGA group is a nationwide electrical supplies wholesaler with warehousing at 38 sites.
Completion is scheduled for 15 September.
“These are warehousing properties generating healthy returns with a stable tenant, and thus a good fit with Kungsleden’s existing property portfolio,” commented Kungsleden’s Chief Executive Thomas Erséus.
For more information, please contact:
Thomas Erséus, Chief Executive of Kungsleden | tel +46 (0)8 503 05204 | mobile +46 (0)70 3782024
Johan Risberg, Deputy Chief Executive of Kungsleden | tel +46 (0)8 503 05206 | mobile +46 (0)70 690 6565
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 7 September 2010 at 8:00 a.m.