Kungsleden selling five properties and leaving three locations (SE)

Listed Swedish property company Kungsleden AB (publ) is continuing to focus and optimise its property portfolio consistent with its new strategy, and is selling five small retail properties in five municipalities. The sales price is SEK 112 mln (approx. (€12.35 million). The purchaser is Redito through Trophi Retail 1 AB.

Kungsleden has sold five small retail properties in the Municipalities of Fagersta, Torsås, Kalmar, Orust and Hallstahammar. The properties have the following designations: Marketentaren 1 in Fagersta, Eldsboda 1:121 in Hallstahammar, Rovan 17 in Kalmar, Henån 1:303 on the island of Orust and Torsås 1:25 i Torsås. Kungsleden purchased these properties in November 2006.

These sales mean Kungsleden leaving the Municipalities of Fagersta, Torsås and Orust. Completion is in June, and these deals create a small-scale capital gain.

“We are continuing to concentrate our portfolio through the sale of non-strategic properties. This sale frees up capital that can be reinvested in strategic properties on priority growth markets,” commented Kungsleden’s Transaction Manager Ylva Sarby Westman.

Source: Kungsleden

Related News