Swedish property investor Kungsleden has acquired four properties in Jönköping and Malmö for a combined SEK 385 mln (€41.2 mln).

Swedish property investor Kungsleden has acquired four properties in Jönköping and Malmö for a combined SEK 385 mln (€41.2 mln).

The vendor was Swedish pension fund manager Alecta.

The properties have a total leasable area of 24,000 m2 and bring the value of Kungsleden’s real estate portfolio to SEK 23 bn, of which the urban assets in Stockholm, Gothenburg and Malmö account for 53%.

Since the autumn of 2013, Kungsleden has divested non-strategic properties and acquired commercial assets in line with its strategy to boost the value of its portfolio to SEK 25 bn by 2017.

‘Following two intense years, Kungsleden is well prepared to take the next step on our long-term journey in realising our strategy to actively manage, develop and expand our property portfolio. We are a long-term owner with satisfied customers and we have laid a solid foundation, which we now can continue to build on,’ said CEO Biljana Pehrsson.