Kungsleden divests properties for Skr 65 m


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Wednesday, 13 July 2011
Kungsleden AB (publ) is divesting two of its commercial properties for a total sales price of approximately SEK 65 m including transaction costs. The property yield is approximately 6.5%. The sales price exceeds book value by approximately SEK 5 m and the acquisition value by approximately SEK 9.5 m. The latter amount has been included in Kungsleden’s profit for calculating dividends for 2011.


The properties are retail properties with total leasable area of 6,221 sq.m. One of the properties is located at the H�gdalen shopping centre in Stockholm and the other in Link�ping in central Sweden.
Completion for the Link�ping property was effected in May 2011. Completion for the Stockholm property is scheduled for 1 September 2011.
“I’m extremely satisfied to complete these transactions at well over book value and at a healthy profit,” commented Kungsleden’s Chief Executive Thomas Ers�us.
News source: Based on press relese

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