Kungsleden buys three industrial and warehouse properties (SE)

Swedish listed property company Kungsleden AB (publ) is acquiring three properties in Gavle, Motala and Osteraker through three separate transactions for a total purchase price of SEK 144 million (approx. €14m).

The total lettable floor-space is just over 28,000 m² while the total rental value amounts to nearly SEK 14 million. The main tenants are TermoRegulator and ByggMax. The estimated property yield is 7.5% on average for the three properties.

Kungsleden is scheduled to take possession of the properties in the fall.

Source: Kungsleden

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