Kungsleden AB: Kungsleden Purchases Properties in Malmö

Business Wire
Kungsleden AB: Kungsleden Purchases Properties in Malmö
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Rödkallen 11 (Photo: Business Wire) Multimedia Gallery URL

STOCKHOLM--(BUSINESS WIRE)--

Regulatory News:

Kungsleden AB (publ) has acquired two properties in Malmö for a purchase price of SEK 66 m. The vendor is Profi I Fastigheter.

The purchase includes two properties in attractive locations in the Norra hamnen area of Malmö and completion is scheduled for the beginning of June 2014. The property designated Rektangeln 9 is a contemporary office property with good and stable tenants such as VS-teknik AB, Fiber Network Consulting AB and Weinberger AB. Rödkallen 11 is a recently renovated office/warehouse property with a stable tenant, Elbogen Elektrotech, who has entered into a 10-year rental agreement for the property. Both properties generate an initial return of some 8% with a leasable area of 9200 sq.m. “The purchase is extremely well suited to Kungsleden and is in line with our strategy that includes strengthening our property portfolio in Malmö, one of our prioritized growth regions. We also perceive future potential in the Norra hamnen area,” commented Ylva Sarby Westman, Transaction Manager at Kungsleden.

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 30 April 2014 at 1:00 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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Contact:
Kungsleden
Ylva Sarby Westman, Transaction Manager
tel 46 (0)8 503 05227
ylva.sarby.westman@kungsleden.se
or
Anders Kvist, Deputy CEO and CFO
46 (0)8 503 052 11
anders.kvist@kungsleden.se
www.kungsleden.se

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