Kungsleden acquires property portfolio from Tornet (SE)

Swedish property company Kungsleden AB (publ) acquires 32 properties located in the central and southern parts of Sweden from Fastighets AB Tornet. The purchase price amounts to MSEK 1,050 (approx. €110m) and the yield based on the sales price is calculated at 7,4 %.

The properties consists of 180 000 m² of lettable area, primarily
offices and industry/warehouse premises, with a rental value of
approximately MSEK 134.

Kungsleden will take possession of the properties on 1 March, 2006.

Source: Kungsleden

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