Kungsleden strengthens position in strategic location in Malmö (SE)

Kungsleden acquires the warehouse and office property Dubbelknappen 20 in Fosie outside Malmö, where the company already owns ten properties. The acquisition strengthens Kungsleden’s position in the area and opens for synergies with the existing portfolio.
Kungsleden AB (publ) continues to optimize and expand the property portfolio in growth markets. The acquisition of Dubbelknappen 20 in Fosie just outside of central Malmö allows the company to further position itself in a strategically important area. Kungsleden already owns ten properties in the area and with this acquisition increased its leasable area in the cluster Fosieby (Fosie and Jägersro) to 47,000 m². Thanks to the increased presence Kungsleden has identified operational and financial synergies, such as an improved offering to tenants and more efficient management.
The property has a leasable area of 5,700 m² and is fully leased. Ylva Sarby Westman, Head of Transactions at Kungsleden says: “Once again we are delighted to have completed an acquisition which strengthens our customer offering in an important area for Kungsleden. Our effort to optimize and expand our portfolio with strategic properties in growth areas continues, where Dubbelknappen 20 is yet another step in the right direction. The fact that the acquisition takes place in one of our clusters, enabling us to enjoy synergies, makes it even more pleasing.”
Source: Kungsleden