Kungsleden purchases property for SEK 97 m

Kungsleden purchases property for SEK 97 m

Listed Swedish property company Kungsleden AB (publ) is purchasing a
commercial property for SEK 97 m including transaction costs. The
property yield is 7.4%.

This property is located in Upplands Väsby, 30 km north of Stockholm,
and has leasable area of approximately 13,500 sq.m. of which 85% is
warehousing and 15% is offices. The rental value is about SEK 8.3 m.

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The whole property is let to Jobman Workwear, a leading workwear brand,
on a five-year lease. Completion is scheduled for 3 May 2011.

“This property fits well in Kungsleden's portfolio with its high and
stable returns. It is in a good estate with good communications. A
stable tenant also assures continued stable cash flow,” commented
Kungsleden's Chief Executive Thomas Erséus.

 

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