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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.

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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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