STOCKHOLM, Sweden, Oct. 24, 2003 (PRIMEZONE) -- The property company Kungsleden AB (publ) has sold the property Malmo Kajan 37. The sales price amounts to MSEK 50 and the purchaser is Variant Fastighets AB
Kungsleden has also sold the properties Falun Yttre Asen 12 and Vastra Falun 1. The sales price amounts to MSEK 102 and the purchaser is Solrosen Invest AB.
In total the above mentioned sales shows a loss of MSEK 4.
Kungsleden has also aquired a company with substantial tax losses. Through the purchase, the groups equity increases with MSEK 130 or 6,90 kr per share.
Following the purchase, Kungsleden's taxloss carry-forward, as per September 30, 2003 are estimated to approximately MSEK 1,100.
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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