Hemsö purchases a public property for SEK 71 m Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is purchasing a public property for a total purchase price of SEK 71 m excluding transaction costs. The initial property yield amounts to 7.4%. The property is in Krokslätt, just south of central Gothenburg. Leasable area is approximately 6,800 sq.m., the majority let to the International English School on a nine-year lease. The remaining area consists of offices and a small restaurant. Total rental value is about SEK 7 m. Completion is scheduled for 1 December 2011. “We're purchasing this property at a good yield, and with the International English School as a stable, long-term tenant,” commented Kungsleden's Chief Executive Thomas Erséus. [image] For more information, please contact: Thomas Erséus, CEO Kungsleden | phone 46 (0)8 503 052 04 | mobile 46 (0)70 378 20 24 Johan Risberg, Deputy CEO Kungsleden | phone 46 (0)8 503 052 06 | mobile 46 (0)70 690 65 65 www.kungsleden.se (http://www.kungsleden.se)
Hemsö purchases a public property for SEK 71 m
| Quelle: Kungsleden AB
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