Listed Swedish property company Kungsleden AB (publ) is purchasing four warehouse properties for a total purchase price of SEK 87.1 m including transaction costs. The initial property yield is approximately 7.5 per cent.
Three properties are located in the Municipality of Norrköping and one in the Municipality of Örebro.
The properties have a gross leasable area of around 17,000 sq.m. and rental value of SEK 10.1 m.
The largest tenants are Systembolaget, Elektroskandia and Bevego.
“In accordance with its new business strategy, Kungsleden is continuing to invest in commercial properties with high risk-adjusted returns in Sweden’s growth regions. These purchases in the cities of Norrköping and Örebro are a good illustration of how we’re building an attractive property portfolio for the long term,” commented Anders Kvist, Interim Chief Executive of Kungsleden.
Completion is scheduled for 19 August 2013.
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 2 July 2013 at 3:00 p.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.