Kungsleden divests 16 properties for €44.7m in Sweden (SE)

Sandviken Åttersta 6:28

Kungsleden continues to concentrate its property holdings to prioritised growth markets and divests 16 properties for  €44.7m (SEK 427m), resulting in a positive income effect of approximately  €3.6m (SEK 35m). The divestments involve Kungsleden leaving the municipalities of Kumla, Filipstad, Kungsör, Sandviken, Arboga, Piteå and Sigtuna.

 

Kungsleden continues to focus its property holdings to prioritised growth markets and concentrates its geographical presence to 28 from 34 municipalities outside the metropolitan areas.

 

The divestments are part of Kungsleden's strategy of concentrating its holdings in selected growth markets in which one of the goals for 2016-2017 is to divest properties for SEK 2 billion. Kungsleden is on track to incorporate the goal and has after the divestment sold properties for over SEK 1 billion.

 

The properties have a total leasable area of over 102,000 m² and a combined property sales value of SEK 427 million.

 

After the properties are vacated during the first quarter of 2017.

 

The 16 properties sold to Söderport Fastigheter AB are:

  •  Arboga Bälgen 9
  •  Kumla Oxen 11
  •  Kungsör Armaturen 10
  •  Piteå Öjebyn 119:1
  •  Sandviken Murängen 2
  •  Sandviken Åttersta 6:28
  •  Filipstad Mejeriet 17
  •  Filipstad Mejeriet 18
  •  Sigtuna Märsta 14:1
  •  Stockholm Solkraften 17 & 18
  •  Tyresö Bagaren 9
  •  Tyresö Fotografen 1
  •  Tyresö Kopparen 8
  •  Tyresö Kopparen 9
  •  Tyresö Kopparen 14

 

Earlier in the year, Kungsleden has also signed an agreement for the sale of the Adolfsberg West 10 property in Helsingborg for a sales price of SEK 7 million. The book value is in line with the sales price and the property will be vacated in April 2017.

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