Kungsleden acquires retirement homes in Stockholm (SE)

Swedish property company Kungsleden AB (publ) has acquired the property Marchen 1 in Sollentuna from JM for approximately €11 million (MSEK 116). The yield based on the purchase price is calculated at 7,4 %.

The lettable area of the property amounts to 4,300 m² and is leased to the municipality of Sollentuna with a remaining contract term of 15 year.

Rental value, including interest subsidy, amounts to approximately 1 million (MSEK 9,7).

Source: Kungsleden

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