Listed Swedish property company Kungsleden AB (publ) has signed a three-year lease with the Hemmamässan permanent interior design expo. Gross leasable area is 15,000 sq.m. with yearly rental value of approx. SEK 13 m.
The property, located in Norra Botkyrka near Slagsta Strand near Stockholm, has gross leasable area of about 46,000 sq.m. After focused development and letting work together with Gelba Fastigheter AB, the property will house a permanent interior design expo from February 2012. With its trading location right next to the E4 motorway, Hemmamässan will become an arena for anyone interested in interior design. The property’s other major tenants include home electronics retailer Net on Net and IT and management consulting firm Logica.
“I’m really pleased we’ve reached this long-term solution with Hemmamässan. This concept and trading site is right by the E4 has the prospects of becoming a new destination for excursions,” commented Kungsleden’s Chief Executive Thomas ErséusRegulatory
For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone 46 (0)8 503 052 04 | mobile 46 (0)70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 (0)8 503 052 06 | mobile 46 (0)70 690 65 65
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
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 5 September 2011 at 8:00 a.m.
Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 30 June 2011, the property portfolio comprised 635 properties with a book value of SEK 26.1 bn. The portfolio was located in a total of 143 municipalities, mainly in southern and central Sweden. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.