Kungsleden acquires seven public properties (SE)

Kungsleden AB (publ) is acquiring 7 properties in its Public Properties division, in four separate transactions for €12.8 million. The estimated property yield is 7.5%. These properties are located in the south-western Swedish province of Västra Götaland and in Stockholm, with the latter comprising 54% of the value.

The total lettable floor-space is 10,200 m² with aggregate rental value of SEK 1.2 million. Of rental revenues, 73% are sourced from the public sector, and the average rental term is approximately seven years.

Source: Kungsleden

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