Kungsleden divests properties to Hems�


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Monday, 04 July 2011
In the press release dated 12 April 2011, Kungsleden AB (publ) announced a property swap with Peab. In the transaction, Kungsleden divested its share in Kokpunktens Fastighets AB to Peab and acquired three development properties from Peab. These properties have now been sold on to Hems� at unchanged terms. The net transaction value is a divestment of SEK 46 m. The transaction has no effect on profit for calculating dividends.
The public properties which are under construction have total leasable area of approximately 4,800 sq.m. and rental value of approximately SEK 10.5 m.


The properties are a police station in K�ping in central Sweden which will be let to the Police over a 12-year contract, a pre-school in Sigtuna near Stockholm which will be let to pre-school Pysslingen over a 15-year contract and a retirement home let by the Municipality of Uppsala over a 20-year contract.
“These public properties with long contracts fit Hems�’s profile extremely well,” commented Kungsleden’s Chief Executive Thomas Ers�us.
Based on press release distributed by Cisionwire

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