Kungsleden sells two properties for approx. SEK 75 m

Kungsleden AB is selling two properties for a total purchase price of SEK 75 m excluding transaction costs at a property yield of 6.5%. The sales price exceeds book value and acquisition cost by approximately SEK 4 m. This amount will be included in Kungsleden’s profit for calculating dividends for 2012. Completion was on 16 February 2012.

The properties are located in Linköping, south west of Stockholm, and leasable area amounts to approximately 7,100 sq.m. divided 50% retail, 41% care and 9% office and other accommodation. These properties are fully let to various tenants, the largest being northern European food provider ICA Sverige AB and Östergötland County Council.

Properties:
• Himna 11:226, Himnavägen 153 and 155, Linköping (1.906 m²)
• Laken 3, Söderleden 33-37, Linköping (5.189 m²)