Listed property corporation Kungsleden AB (publ) is acquiring 32 properties for a purchase price of SEK 750 mln. including transaction costs, at an estimated property yield of 7.5%.
The properties are primarily Axfood outlets and Åhléns department stores. Total floor-space is over 107,000 m² with rental values of nearly SEK 89 mln. Axfood and Åhléns represent approx. 80% of the rent.
Kungsleden's Chief Executive Jens Engwall said: "I'm very pleased we could complete this deal, and thereby further increase the retail share of our property portfolio. This acquisition complements well our previous acquisitions of 27 retail properties from ICA."