Kungsleden sells properties for SEK 506 m

Listed Swedish property company Kungsleden AB (publ) is continuing to streamline
its property portfolio, in accordance with its new strategy, selling the
properties Storseglet 3 in Stockholm and Visborg 1:15 in Visby on the island of
Gotland for a total purchase price of SEK 506 m after deducting for deferred tax
and transaction expenses. The buyer of Storseglet 3 is NCC Boende AB, while the
buyer of Visborg 1:15 is Vacse AB.
The sales price of Storseglet 3, which has a book value of SEK 90 m, is SEK 110
m. This property was acquired in autumn 2013 from GE Real Estate, is located in
Gröndal by Lake Mälaren in Stockholm, and is a 6000 sq.m. unoccupied office
building. A new zoning plan for this property has been decided, and involves
residential development rights of approximately 11,000 sq.m. gross leasable
area. Completion is scheduled for when the zoning plan concludes.

The property Visborg 1:15 is being sold for SEK 396 m after deducting for
deferred tax and transaction expenses, and has a book value of SEK 390 m. This
property was purchased from Hemsö Fastighets AB in February 2013. The property
is in the outskirts of Visby, is fully let to the Region Gotland and houses
17,900 sq.m. of operational premises. Completion is scheduled for April 2014.

“We are continuing work on optimising our property portfolio onto selected
geographical growth locations and the office, industrial/warehouse and retail
segments. The property Visborg 1:15 lies outside our prioritised geographical
regions, and Storseglet 3 is a retail development project. Accordingly, these
disposals are consistent with our new strategy, and we’re very satisfied with
the sales”, commented Kungsleden’s CEO Biljana Pehrsson.

[image]Image: Visborg 1:15

[image]Image: Storseglet 3
For more information, please contact:

Biljana Pehrsson, Chief Executive of Kungsleden | +46 (0)8 503 052 04 |
biljana.pehrsson@kungsleden.se
Anders Kvist, Deputy CEO and CFO of Kungsleden | +46 (0)8 503 052 11 |
anders.kvist@kungsleden.se

www.kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på
www.kungsleden.se/pressmeddelanden

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 31 March 2014 at 2:00 p.m.

Kungsleden’s business concept is to own, manage and enhance properties in
Sweden’s growth regions, and to generate sustainable high and stable returns.
The focus on value creation is by satisfying customers’ needs for premises,
managing and enhancing properties, and optimising the company’s property
portfolio. Kungsleden has been quoted on Nasdaq OMX Stockholm since 1999.