Listed Swedish property company Kungsleden AB (publ) is purchasing a retail property in Flygstaden in the Municipality of Halmstad for a total price of around SEK 42 m including transaction costs. The initial property yield is approximately 7.5 per cent.
The property has gross leasable area of around 4,040 sq.m. and rental value of SEK 3.6 m. The tenant is grocery chain Willys.
“This purchase in Flygstaden enhances our property portfolio in south-western Sweden, adding a retail property with high risk-adjusted returns. Its locality, yield level and type are fully consistent with our new business strategy,” commented Anders Kvist, Interim Chief Executive of Kungsleden.
Completion was on 1 July 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 1 July 2013 at 4:30 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.