STOCKHOLM, Sweden, Oct. 3, 2003 (PRIMEZONE) -- The property company Kungsleden AB (publ) (Other OTC:KGSDF) has sold the property Uppsala Fjardingen 28:4 for MSEK 90,5 resulting in a loss of MSEK 7 which will be booked in quarter four.
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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