Kungsleden makes SEK 74 m property acquisitions
Press Release 4 May 2010
Listed Swedish property company Kungsleden AB (publ) is acquiring three commercial properties for a total purchase price of approximately SEK 74 m including transaction costs. These properties have gross leasable area of 11,040 sq.m., mainly consisting of warehouse and trade retail premises. The properties are located in Norrköping, Linköping and Jönköping, south west of Stockholm, locations with active and healthy trade and industry. Total rental value is just over SEK 7.7 m. All properties are being 100% let to electrical supplies wholesaler Svenska Elgrossist AB SELGA. Completion is scheduled for 31 May 2010. “These properties have a good fit with Kungsleden’s existing portfolio in terms of their high and stable returns. Their locations have stable markets for industrial properties, featuring relatively low vacancies,” 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 4 May 2010 at 10:15 a.m.