Listed Swedish property company Kungsleden AB (publ) is continuing to focus and optimize its property portfolio consistent with its strategy, and is selling the properties Inom Vallgraven 20:8 and Inom Vallgraven 16:21 for a total purchase price of SEK 157 m (approx. €17.4 million). These sales will generate an estimated profit of just over SEK 40 million (approx. €4.44 million). The purchaser of Vallgraven 20:8 is the Bräutigam family, and property company Fastighets AB Balder is purchasing Inom Vallgraven 16:21.
The property Inom Vallgraven 20:8 is located at Östra Hamngatan 37, just across the street from flagship department store NK and has leasable area of 1,100 m². This property is being sold for SEK 51 million (approx. €5.66 million). The Bräutigam family previously held this property between 1891 and 1921.
The property Inom Vallgraven 16:21 is located at the junction of Hamngatan and Drottninggatan, and has leasable area of 2,980 m². This property is being sold for SEK 106 million (approx. €11.76 million).
“Interest in these properties has been very high, and we’re satisfied to have executed these sales as planned to good, long-term owners. The sale frees up capital that can be re-invested in strategic properties,” commented Kungsleden’s Transaction Manager Ylva Sarby Westman.