Swedish listed property corporation Kungsleden AB (publ) is acquiring 61 properties situated in the north of Sweden from Norrvidden Fastigheter AB. The purchase price amounts to SEK 610 m including transaction costs, at an estimated property yield of
9,0 %.
The property portfolio area consists of about 37 % industrial/warehouse, 26 % residential, 22 % offices, 11 % retail and 4 % other, where no single tenant holds a dominant position with regards to rental values. Total floor-space is about 107 000 sq.m. with rental values of SEK 102,6 m.
Kungsleden will take possession of the properties 30 September 2005.
Kungsleden's Chief Executive Jens Engwall said: "The portfolio is a classic Kungsleden portfolio with many houses and a high level of liquidity that will lead to a number of interesting business opportunities".
For further information, please contact: Johan Risberg, Kungsleden's CFO, phone: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 Lars Thagesson, Kungsleden's C0O, phone: +46 (0)8 503 05230, mobile +46 (0)70 592 9470
Source: Kungsleden
