Kungsleden divests property for SEK 58 m
Press Release 24 March 2010
Listed Swedish property company Kungsleden AB (publ) is selling a site leasehold consisting of two buildings for a total purchase price of approximately SEK 58 m. The total sales price is about SEK 11 m above book value, and around SEK 4 m above acquisition cost. This latter amount will be included in Kungsleden’s profit for calculating dividends for 2010. Gross leasable area is some 6,096 sq.m. The property, mainly let as offices, is located in Limhamn, Malmö. The buyer of the property is Broman Fastigheter, a local family business. Completion is scheduled for 31 March 2010. Commenting, Kungsleden’s Chief Executive Thomas Erséus said: “I view this as a good deal for us, and a property that suits this local buyer well.” 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 24 March 2010 at 9:00 a.m.