Kungsleden acquires and sells in Malmö (SE)

The property company Kungsleden AB (publ) has acquired 10 properties in Malmö for approximately €18 million (MSEK 180) and sold the property Druvan 1 in Malmö for a sales price of approximately € 5.5 million (MSEK 55).

The yield based on the purchase price of the 10 properties in Malmö is calculated at 6,6%. The lettable area of the properties amounts to 16 600 m², consisting mainly of elderly living, offices and residential apartments, with a rental value of approximately €1.5 million (MSEK 15,4). Possession changes hands on 20 June 2006.

The sales price of the property Druvan 1 located in the central parts of Malmö exceeds the book value with approximately €0.1 million (MSEK 1) and the purchase value with €1.4 million (MSEK 14). The later is included in the dividend based result for 2006. The lettable area amounts to about 2 800 m² with a rental value of approximately approximately €0.4 million (MSEK 4). Possession changes hands on 1 September 2006.

Source: Kungsleden

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