Kungsleden AB: Kungsleden Sells Two Properties in Lidköping and Alvesta

STOCKHOLM--()--Regulatory News:

Kungsleden AB (publ) (STO:KLED)(OSE:KGLED01) is continuing to streamline its property portfolio in accordance with its strategy and is selling the properties Valhall 8 in Lidköping and Alvesta 13:28 in Alvesta. The total purchase price is nearly SEK 62 m, in pair with book value.

The buyer of the office property Valhall 8 in Lidköping is ‘AB Bostäder i Lidköping’, a housing company owned by the municipality of Lidköping. The property is located on Mellbygatan in the central parts of Lidköping and has a leasable are of approximately 6, 000 sq. m. Completion is scheduled for October 2014. The property Alvesta 13:28 is a smaller industry property on Ågårdsvägen in Alvesta with a leasable area of approximately 9 700 sq. m. Completion is scheduled for September 2014. Kungsleden is thereby exiting the region. “The work with creating a larger, more streamlined and high-quality property portfolio within selected segments and regions is under way. We are therefore very pleased to sell two non-strategic properties in our portfolio,” commented Ylva Sarby Westman, transaction Manager at Kungsleden.

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

The information was provided for public release on 4 September 2014 at 4:30 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, Head of Transactions
+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, Head of Transactions
+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