Kungsleden acquires 10 properties from the Br

The Swedish property company Kungsleden AB has acquired 10 properties from the Bröderna Edstrand Group for MSEK 204. The portfolio consists of properties with a lettable area of 100.000 m² with a rental value of MSEK 23. The yield based on the purchase price is calculated at 11 %.

In connection with this deal the Bröderna Edstrand Group signs rental contracts in the properties with a rental period up to 15 years. The Bröderna Edstrand Group also has a option to require extension of one property within 4 years at a estimated investment of MSEK 30 and a yield of 10%.

“I am very pleased to close this deal with the Bröderna Edstrand Group while we get properties that complement our existing portfolio together with a good tenant” says Jens Engwall, CEO of Kungsleden, commenting the transaction.

Source: Kungsleden

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