Kungsleden AB: Kungsleden Sells Hotel Property in Malmö

STOCKHOLM--()--Regulatory News:

Kungsleden (STO:KLED) (OSE:KGLED01)

Listed Swedish property company Kungsleden AB (publ) is continuing to concentrate its property portfolio consistent with its strategy, and is selling a hotel property in Malmö for SEK 91.5 m. This sale will generate a profit of approximately SEK 5 m. The purchaser is Jägersro Förvaltnings AB.

This property, designated Gunghästen 1, is located in Jägersro, on the outskirts of Malmö, and has leasable area of approximately 8,840 sq.m. The property is primarily a hotel, Best Western Hotel being the main tenant. Completion is on 1 July. “We’re selling another non-strategic property from Kungsleden’s ‘old’ portfolio at a price above book value. We’re continuing to focus our property portfolio, so in the next phase, we can invest in properties in priority growth markets, primarily offices, but also industrial/warehouse and retail,” commented Kungsleden’s Transaction Manager Ylva Sarby Westman.

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden

Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 23 June 2014 at 2:00 p.m.

Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ OMX Stockholm since 1999.

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Contacts

Kungsleden
Ylva Sarby Westman
Transaction Manager
+46 (0)8 503 052 27
ylva.sarby.westman@kungsleden.se
or
Biljana Pehrsson
Chief Executive
+46 (0)8 503 052 04
biljana.pehrsson@kungsleden.se
www.kungsleden.se

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Contacts

Kungsleden
Ylva Sarby Westman
Transaction Manager
+46 (0)8 503 052 27
ylva.sarby.westman@kungsleden.se
or
Biljana Pehrsson
Chief Executive
+46 (0)8 503 052 04
biljana.pehrsson@kungsleden.se
www.kungsleden.se