STOCKHOLM, Sweden, June 5, 2003 (PRIMEZONE) -- The property company Kungsleden AB (publ) (Other OTC:KGSDF) (Stockholm:KLED) has acquired the property Diademet 3 in Norrkoping.
The property is rented by the municipality of Norrkoping and contains 66 apartments used for elderly living. The business will even in the future be operated by A&O Ansvar och Omsorg AB. The property contains 3 600 sqm with a rental income of MSEK 3,7.
The purchase price is MSEK 34,3 including transactions costs.
-- The result of our efforts on the market for elderly living has been very positive. In the near future we expect further acquisition opportunities from both the private and the public sector. It is interesting that also a number of municipalities are considering selling some of their owned houses for elderly living, comment the CEO of Kungsleden, Jens Engwall.
For more information, please contact: Jens Engwall, Kungsleden's Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's COO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Detta pressmeddelande och bokslutskommuniken finns tillgangliga pa svenska pa www.kungsleden.se
Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 420 properties with a book value of approximately SEK 10.3 bn. The holding is located in a total of 119 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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