Kungsleden sells and changes forecast (SE)

The property company Kungsleden AB (publ) has sold four properties northeast of Stockholm. Purchaser is Fastighetspartner and the sales price amounts to SEK 282m. The lettable floor-space of the properties amounts to 31 000 m² with a rental value of SEK 30m and consists mainly of offices.

The above mentioned sales generate a profit of SEK 36m and are reported in the figures for the fourth quarter 2004.

The company also changes its forecast for the year 2004 from profit before taxes of SEK 530m to profit before taxes of SEK 550m.

Source: Kungsleden

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