Kungsleden AB (publ) is the largest commercial property owner in Västerås. The already strong position is now strengthened further through the acquisition of the centrally located property Lorens 14, also called Skrapan – a landmark building in Västerås. The acquisition price is SEK 465 million.

Västerås is one of Kungsleden’s most important strategic markets where the company currently owns and manages 128,000 sqm of office space in central Västerås and 372,000 sqm of office, industry and warehouse space in the rest of Västerås. The acquisition of Skrapan adds a further 26,000 sqm to Kungsleden’s portfolio in central Västerås.

Skrapan’s offering has over the past years undergone a major modernisation and conversion where the Municipality of Västerås’ and the local business’s innovation center Expectrum has been given a central location. The property is almost fully leased to tenants such as First Hotel, the Municipality of Västerås, KPMG, and ICA among others. The remaining lease agreement duration is 6.7 years.

“Acquiring Skrapan and thereby further strengthening our position in Västerås is very satisfying. The property is in a great location close to our current office properties, which improves our customer offering and allows us to take on an even more active role in the area”, says Ylva Sarby Westman, Head of Transactions at Kungsleden.

The vendor is Cornerstone through Nordic Retail Fund and closing is set to be in early May.

At the same time Kungsleden increases its management organisation in Västerås in order to take advantage of the possibilities the Mälar Valley offers. In addition to Mats Eriksson as new Regional Manager, Curt Grundman has been recruited as Leasing Manager in the Mälar Valley region and Martina Leksell as Property Manager in Västerås.


Photo: Lorens 14 (“Skrapan”)

For more information, please contact:

Ylva Sarby Westman, Head of Transactions Kungsleden | +46 (0)8 503 052 27 | ylva.sarby.westman@kungsleden.se
Biljana Pehrsson, Chief Executive of Kungsleden | +46 (0)8 503 052 04 | biljana.pehrsson@kungsleden.se

www.kungsleden.se


Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden

The information was provided for public release on 15 April 2015 at 8:00 a.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 Stockholm since 1999.