Listed Swedish property company Kungsleden AB (publ) has signed a 15-year lease contract with fitness club Friskis & Svettis on a total contract value of approximately SEK 60 m. Sveaplan Municipal Centre is a retail property in central Eskilstuna, west of Stockholm.
The upper floor became vacant last autumn when furniture retailer Bernhardssons Möbler moved out, closing its store. Kungsleden is now converting and adapting these premises for Friskis & Svettis, which is scheduled to move in in April 2014. Friskis& Svettis expects to expand its operations in these premises.
With a new tenant in the building, Kungsleden’s objective is to convert the property to food retailing and fitness, which will create a new image for Sveaplan Municipal Centre. Kungsleden is also working on changing the zoning plan for this district, and securing building permits for new housing.
“Kungsleden’s new strategy also includes working on project and property development. I view work on this property in Eskilstuna as a good example of this, and the development of new building permits is also part of value creation,” commented Kungsleden’s Interim Chief Executive Anders Kvist.
For more information, please contact:
Anders Kvist, Interim Chief Executive Kungsleden | phone +46 8 503 052 11 | mobile +46 70 690 65 63
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 3 May 2013 at 9:30 a.m.
Kungsleden’s business concept is to own, manage and enhance properties in Sweden’s growth regions, and to generate sustainable high and stable returns. The focus on value creation is by satisfying customers’ needs for premises, managing and enhancing properties, and optimising the company’s property portfolio. Kungsleden has been quoted on Nasdaq OMX Stockholm since 1999.