Hems� purchases properties for Skr 98 million


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Monday, 18 July 2011
Listed Swedish property company Kungsleden AB (publ) is purchasing two public properties for a total purchase price of approximately SEK 98 m including transaction costs through Hems�, which is 50:50 owned by Kungsleden and AP3 (the Swedish Third Pension Insurance Fund). The initial property yield is 7.1%.

The properties are located in Norrk�ping in central Sweden and have total leasable area of approximately 10,100 sq.m. The tenants are John Bauer high school and Prolympia compulsory school. The properties have agreements averaging 9 years with total rental value of approximately SEK 11.8million.

Completion is scheduled for 1 September 2011.
“These are two attractive school properties with stable tenants and long agreements,” commented Kungsleden’s Chief Executive Thomas Ers�us.
News sources: Press release

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