Kungsleden sells last overseas property
Kungsleden AB (publ) leaves the German market with the sale of an industrial property in Bergkamen. The sales price of approximately MSEK 8 is in line with book value. Completion is expected to take place before the end of the year.
“We have prepared to sell our foreign properties as they are not part of our strategy. The industrial property in Bergkamen was our last property overseas and we can now continue to focus on selected growth markets in Sweden”, says Ylva Sarby Westman, Head of Transactions at Kungsleden.
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
The information was provided for public release on 29 October 2014 at 2:30 p.m.
Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ OMX Stockholm since 1999.