Kungsleden AB: Kungsleden Letting 1,700 Sq.M. Office Space in Gothenburg

Business Wire

STOCKHOLM--(BUSINESS WIRE)--

Regulatory News:

Kungsleden (KLED.ST)(KGLED01.OL) is seeing increased demand for office space in Gothenburg and is letting a total of 1,700 sq.m. in recently acquired properties Gårda 19:10, Järnbrott 168:1 and Inom Vallgraven 20:8. The three properties were included in the property portfolio Kungsleden acquired from GE Real Estate in autumn 2013.

Kungsleden’s acquisition of properties worth SEK 5.5 bn from GE Real Estate increased the proportion of office property in the Gothenburg region from 7 to 34%. “We are delighted to be able to meet growing market demand and offer a wider selection of suitable office space in the region,” commented Nicklas Arfvidsson, Kungsleden’s Regional Manager.

One of Kungsleden’s new contracts is with existing tenant Callista, who is expanding its operations and signed a contract for 634 sq.m. in a property designated Gårda 19:10, located in the Gårda area of central Gothenburg. “Working alongside Callista, we’ve found a solution where the tenant relocates to the story above its current premises, thereby almost tripling the available floor space. We’re extremely pleased to be able to provide this solution and to retain Callista as one of Kungsleden’s tenants,” commented Hans Carlsson, Kungsleden’s Assistant Property Manager.

Public authority Samordningsförbundet Göteborg Väster is signing a contract for 545 sq.m. in the property designated Järnbrott 168:1, located close to arterial roads Söderleden and Dag Hammarskjöldsleden in the Järnbrott area of Västra Frölunda in south-western Gothenburg. Kungsleden is making extensive modifications to optimize the premises for Samordningsförbundet’s operations ahead of taking possession in June 2014. This means that the 17,200 sq.m. property is now almost completely let. Commercial property agency Göteborgs Lokallots AB also signed a contract for 587 sq.m. in the Inom Vallgraven 20:8 property in central Gothenburg. Göteborgs Lokallots AB will be taking possession in June 2014.

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 17 April 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.

This information was brought to you by Cision http://news.cision.com

Contact:
Kungsleden:
Nicklas Arfvidsson, Regional Manager
+46 (0)31-755 56 31
nicklas.arfvidsson@kungsleden.se
or
Biljana Pehrsson, CEO
+46 (0)8 503 052 04
biljana.pehrsson@kungsleden.se
www.kungsleden.se

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