Kungsleden AB (publ) purchases two warehousing and office buildings in Högsbo in the municipality of Gothenburg at a total price of around SEK 71.5 million including transaction costs.

The initial direct yield is approximately 8.3 per cent.

The two properties have a total lettable area of around 13,700 square meters and the rental value amounts to SEK 10.2 million. The biggest tenants are Kopparbergs Bryggeridepå AB, Millons Bil AB & Swedtire AB.

”With these property purchases we commence the implementation of Kungsleden´s investment program which is one of the corner stones of our new business strategy. Our focus is now to acquire, manage and develop wholly-owned properties with a high risk-adjusted return within the segments of industry/warehousing, offices and commerce in the Greater Stockholm region, the Lake Mälaren valley, southwestern Sweden and growth locations in the Norrland region”, comments Anders Kvist, interim CEO of Kungsleden.  

Completion is scheduled for June 18th, 2013.


Högsbo 10:17


Högsbo 14:7

Regulatory

For more information, please contact:

Anders Kvist, Interim Chief Executive Kungsleden | phone +46 8 503 052 11 | mobile +46 70 690 65 63

www.kungsleden.se


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 18 June 2013 at 9:00 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.