Kungsleden AB: Kungsleden sells for SEK 222 m, makes profit of SEK 50 m

Business Wire

STOCKHOLM--(BUSINESS WIRE)--

Regulatory News:

Kungsleden AB (publ) (KLED.ST) (KGLED01.OL) is continuing to concentrate its property holding in line with its strategy and has divested two properties in Gothenburg, Inom Vallgraven 34:4 and Kålltorp 102:1 for SEK 222 m. The sale generated profit of some SEK 50 m. Both properties were acquired by Sigillet Fastighets AB.

The property designated Inom Vallgraven 34:4 is located at the junction of Västra Hamngatan and Kungsgatan in central Gothenburg and has leasable area of 3,680 sq.m.

The property designated Kålltorp 102:1 is located at Munkebäckstorg, approximately four kilometres north east of the city centre, with leasable area of 4,738 sq.m.

Completion for both properties is scheduled for 2 July 2014.

“Our properties in Gothenburg have attracted considerable market interest and we’re pleased to have sold the properties to a locally-based landlord at a very healthy profit. The sales release capital that can be reinvested in strategic properties,” 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 4 June 2014 at 11:00 a.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
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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