STOCKHOLM, Sweden, Oct. 25, 2002 (PRIMEZONE) -- The property company, Kungsleden AB (publ)(Other OTC:KGSDF), has in separate deals sold the properties Helsingborg Kulan 1 and Varjan 3 as well as Kungalv Krabbetornet 1 and 35. The total sales price amounts to SEK 58,7million with a profit of SEK 11 million.
The divestments are made on a property yield of 8.5 %.
For more information, please contact: Jens Engwall, Kungsleden's Chief Executive +46 (0)8 503 05204/mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's COO +46 (0)8 503 05206/mobile +46 (0)70 690 6565
Kungsleden's strategy is to assure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 415 properties with a book value of approximately SEK 9.5 bn. The holding is located in a total of 122 municipalities, although concentrated on the Swedish provinces of Gotaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999.
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