The property company Kungsleden AB (publ) acquires 11 properties from ONOFF. The purchase price amounts to SEK 275 mln. and the yield based on the purchase price is calculated at 7,0%. The properties consists of 27 000 sq.m of lettable area with a rental value of SEK 25 mln.
In connection with the transaction ONOFF signs lease contracts on 29% of the lettable area with an average lease length of 10 years.
Kungsleden's Chief Executive Jens Engwall said: "We are very pleased to complete yet another deal with a strong player on the retail market that more than well complements our previous acquisitions that we have made this year".