Listed Swedish property company Kungsleden AB (publ) has signed a six-year lease contract with BIBAB, Bryggeritransporter i Bergslagen AB, which deals with all brewer Spendrups’ transportation and distribution. As a result, BIBAB is relocating its operations from Uppsala to Gävle, and reducing the group’s transportation costs.
The logistics premises are some 1,300 sq.m., and with current tenant Nilar International AB, approximately 20% of the Tomokohus property is let. This property has high potential with a variety of extension alternatives.
“Demand for this type of premises, with high ceilings and large open spaces, has increased. We think its location in Gävle is good for logistics and transportation,” commented Thomas Erséus.
The port of Gävle considers investing 500 SEK m in order to gain new docks, a larger harbour estate and a new entrance channel. Its rail connection will also be enhanced. After the investment, port capacity will increase by 40% from the current 5 million tons to over 7 million tons of freight annually.
Kungsleden’s current tenant Nilar International AB will start automating production in October/November, thus lifting its output rate significantly. The company judges that it will be expanding its operations by 2,000-3,000 sq.m. over a two-year period. Kungsleden expects that Tomokohus will be fully let in 2014.
For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone +46 (0)8 503 052 04 | mobile +46 (0)70 378 20 24
Cristoffer Högberg, Property Manager Kungsleden | tel +46 (0)8-503 052 28 | mobile +46 (0)70-690 65 83
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 13 September 2012 at 11:00 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 2012, the property portfolio comprised 322 properties with a book value of SEK 15.8 bn. The portfolio was located in a total of 101 municipalities, mainly in southern and central Sweden. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.