Kungsleden—SEK 520 m property acquisition

Kungsleden—SEK 520 m property acquisition

Press Release 26 November 2010

Listed Swedish property company Kungsleden AB (publ) is acquiring six
retail properties for a total purchase price of approx. SEK 520 m. The
property yield is about 8% and total rental value is just over SEK 69
m. 

Gross leasable area is around 48,500 sq.m. divided between five shopping
centres in Eskilstuna, Katrineholm, Uddevalla, Stockholm and Köping, and
one outdoor retail property with an adjacent undeveloped plot in
Nyköping. 

The vacancy rate in the portfolio is low, corresponding to about 3%. The
ten largest tenants are Coop Fastigheter AB, Lindex, Kappahl, Klädhuset
M, Jysk, Bernhardssons Möbler, Rusta, Åhléns, H&M and Medstop Apotek.
These tenants represent around 60% of this portfolio's total rental
value. 

Nordic Real Estate Partners is the vendor of these properties, and
completion is scheduled before year-end 2010.

 

 “I'm very satisfied that we have acquired an attractive retail
portfolio of centrally located shopping centres and one attractively
located outdoor retail property. This property portfolio has a good mix
of strong tenants. It will give us good and stable returns and future
potential in the form of development rights,” commented Kungsleden's
Chief Executive Thomas Erséus.

 

Kungsleden AB (publ) discloses the information in this press release
according to the Swedish Securities Markets Act and/or the Swedish
Financial Trading Act. The information was provided for public release
on 26 November 2010 at 11:30 a.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone 46 8 503 052 04 | mobile 46 70 378
20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 8 503 052 06 | mobile 46
70 690 65 65